The US Securities and Exchange Commission approved 11 spot bitcoin ETFs this week, including BlackRock s iShares Bitcoin Trust, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others, after a decade-long tussle with the digital asset industry.
Bitwise, one of the aspiring companies in the race, has recently submitted its updated S-1 Form, revealing its planned $200 million seed investment for its spot BTC offering.