Bitwise Unveils New Bitcoin ETF Commercial: A Second Spot Release

• Bitwise Broadcasts Second Spot Bitcoin ETF Commercial Amid SEC Application
• Bitwise Promotes Spot Bitcoin ETF Services
• SEC's Discussions with Firms about Spot Bitcoin ETFs

Bitwise Broadcasts Second Spot Bitcoin ETF Commercial Amid SEC Application

Concurrent with its ongoing application with the US Securities and Exchange Commission (SEC), Bitwise debuted its second Spot Bitcoin$42,260 -0.64% ETF commercial. The promo spotlights actor Jonathan Goldsmith, famed for his enduring "The Most Interesting Man in the World" persona. In this recent installment, Goldsmith articulates, "I thought you would like to know, Satoshi sends his regards." The advertisement concludes with Goldsmith encouraging Bitcoin investors to choose Bitwise for their upcoming Spot Bitcoin ETF.

Bitwise Promotes Spot Bitcoin ETF Services

In the course of the commercial, Bitwise incorporates a link to its website, highlighting "ETFs backed by crypto specialists." The San Francisco-based asset management firm is presently among several applicants striving to introduce the inaugural approved spot Bitcoin ETF in the United States.

Despite the SEC's consistent delay in making a decision on Bitcoin ETF authorization in the US due to numerous concerns, US courts have urged the regulator to render a verdict, thereby escalating the excitement surrounding the entire crypto market, particularly Bitcoin. According to industry experts, a 2024 approval is a probable occurrence, with multiple companies likely to receive such an outcome. Bitwise might be among the companies that will have their applications approved. Furthermore, its commitment to an advertisement indicating such a progress may reflect its confidence in obtaining such an approval.

SEC's Discussions with Firms about Spot Bitcoin ETFs

The SEC has already convened with several firms to discuss Spot Bitcoin ETFs, including Grayscale and BlackRock. Other firms have also commenced advertising their Bitcoin ETFs to draw in crypto investors, with Hashdex being a recent example.

Edited by Jonathan Stoker