SEC disapproves WisdomTree Bitcoin Trust listing proposal

The SEC disapproved Cboe BZX's proposal to list and trade shares of the WisdomTree Bitcoin Trust. The decision underscored the 2021 distinction between U.S. approval of Bitcoin futures ETFs under the Investment Company Act and continued rejection of spot-Bitcoin exchange-traded products.

Useful contrast with October futures-ETF approval and part of the longer U.S. spot-ETF chronology.