{"id":56048,"date":"2024-01-11T15:00:39","date_gmt":"2024-01-11T15:00:39","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=56048"},"modified":"2024-01-17T11:19:35","modified_gmt":"2024-01-17T11:19:35","slug":"wisdomtree-bitcoin-fund-btcw-makes-history-in-first-wave-of-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/wisdomtree-bitcoin-fund-btcw-makes-history-in-first-wave-of-bitcoin-etfs\/","title":{"rendered":"WisdomTree Bitcoin Fund (BTCW) Makes History in First Wave of Bitcoin ETFs"},"content":{"rendered":"<div class=\"article-content\">\n<h5>WisdomTree unlocks Bitcoin exposure within the ETF wrapper in the U.S., in line with the firm\u2019s leadership in \u201cResponsible DeFi\u201d<\/h5>\n<\/div>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\"><a href=\"\/newsletter\" class=\"broken_link\"><strong>Sign up to our free newsletters<\/strong><\/a><\/p>\n<hr \/>\n<p><strong>Jeremy Schwartz, WisdomTree Global Chief Investment Officer<\/strong><strong>\u00a0WisdomTree<\/strong><\/p>\n<hr \/>\n<div class=\"article-content\">\n<p style=\"text-align: justify;\">WisdomTree, Inc. announces that the WisdomTree Bitcoin Fund (BTCW) was declared effective by the U.S. Securities and Exchange Commission (SEC). The historic leading wave of spot Bitcoin ETFs marks the first time U.S. investors have access to exposure to the price of spot bitcoin within the ETF wrapper.<\/p>\n<p style=\"text-align: justify;\">\u201cCore to our heritage of innovation, WisdomTree is passionate about exploring new avenues for potential value creation for investors \u2013 our role in disrupting financial services with the ETF wrapper speaks exactly to that. Now, after years of experience meeting investors\u2019 demand for a Bitcoin ETP in Europe, we could not be more thrilled to be at the helm of the movement to accelerate access to digital assets in the United States after years of engagement with U.S. regulators,\u201d said <span style=\"color: #56aa1c;\"><strong>Jonathan Steinberg, WisdomTree Founder and CEO<\/strong><\/span>. \u201cWhile potential investors must carefully consider if the risk profile of a digital asset such as bitcoin has a place in their portfolio, we see this effectiveness as a major step in the industry evolution that we\u2019re leading \u2013 where the blockchain is redefining the way we see finance today.\u201d<\/p>\n<p style=\"text-align: justify;\">The WisdomTree Bitcoin Fund (BTCW) will be listed on the Cboe BZX Exchange with an expense ratio of 0.30%,<sup>\u00a0<\/sup>although for a six-month period commencing January 11, 2024, the entire 0.30% will be waived (which represents the sponsor\u2019s fee) for the first $1.0 billion of the Fund\u2019s assets. The WisdomTree Bitcoin Fund\u2019s investment objective is to gain exposure to the price of bitcoin, less expenses and liabilities of the Fund\u2019s operations.<\/p>\n<p style=\"text-align: justify;\">WisdomTree currently offers eight crypto ETPs in Europe, and concurrent with seeking to launch BTCW, has launched 13 blockchain-enabled Digital Funds in the U.S., which offer exposure to mainstream traditional asset classes with secondary recordkeeping on a blockchain.<\/p>\n<p style=\"text-align: justify;\">\u201cBTCW being declared effective by the SEC offers the nascent opportunity for investors to access bitcoin through an ETF, one of the most impactful financial innovations of our time. For investors that are willing and have the financial condition to accept more risk, but only seek to engage with this digital asset through regulated and traditional channels, this is a long-awaited opportunity in the U.S. finally coming to fruition,\u201d said <span style=\"color: #56aa1c;\"><strong>Jeremy Schwartz, WisdomTree Global Chief Investment Officer<\/strong><\/span>. \u201cIt cannot be denied that financial services are undergoing a major transformation; how fast we get there depends on key moments like today. WisdomTree is proud to be a part of this historic moment.\u201d<\/p>\n<p style=\"text-align: justify;\">Engagement with regulators is at the center of WisdomTree\u2019s \u201cresponsible DeFi\u201d ethos, which prioritizes innovation and exploration within the digital assets ecosystem while upholding the foundational principles of transparency, integrity and protection of customer assets. The WisdomTree Bitcoin Fund is not endorsed, indemnified or guaranteed by any regulatory agency.<\/p>\n<div><\/div>\n<\/div>\n<p>Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WisdomTree unlocks Bitcoin exposure within the ETF wrapper in the U.S., in line with the firm\u2019s leadership in \u201cResponsible DeFi\u201d<\/p>\n","protected":false},"author":4,"featured_media":56049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[200],"class_list":["post-56048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-wisdomtree"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/56048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=56048"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/56048\/revisions"}],"predecessor-version":[{"id":56050,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/56048\/revisions\/56050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/56049"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=56048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=56048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=56048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}