Pando Asset officially files for spot Bitcoin ETF with the SEC
Swiss asset manager Pando Asset seeks SEC approval for a spot Bitcoin ETF, a step towards integrating crypto into mainstream finance. Swiss asset manager Pando Asset has filed for approval of a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). The proposed Pando Asset Spot Bitcoin Trust, if approved, would be listed on the Cboe BZX Exchange, leveraging Coinbase as its custodian. The trust plans to use the CME’s CF Bitcoin Reference Rate for Bitcoin (BTC) pricing. JUST IN: Pando Asset AG officially files for spot #Bitcoin ETF with the SEC. pic.twitter.com/uq9z10c4Xn — Bitcoin Magazine (@BitcoinMagazine) November 29, 2023 Pando’s move aligns with its current offerings in Europe, where it provides exchange-traded products tracking major cryptocurrencies on the SIX Swiss Exchange. This expansion suggests a strategic move to cater to a broader range of investors globally, especially in the cryptocurrency market. However, the SEC has historically ...