ChainCatcher news, according to Bitcoin Magazine, the SEC has officially acknowledged Pando Asset AG's spot Bitcoin ETF application.

ChainCatcher news indicates that Swiss asset management company Pando Asset has submitted an updated version of its Bitcoin spot ETF S-1 form to the U.S. SEC. It is reported that Pando Asset submitted its Bitcoin spot ETF application to the SEC last week. The ETF will be traded on the Cboe BZX exchange, with Coinbase acting as the custodian. Bitcoin pricing will be based on the CME's CF Bitcoin Reference Rate.

ChainCatcher news, Bloomberg analyst James Seyffart stated on the X platform that Swiss asset management company Pando Asset has submitted a 19b-4 filing to the SEC, officially joining the race for a U.S. spot Bitcoin ETF. Last week, the company submitted an S-1 application. Currently, there are 13 potential issuers for spot Bitcoin ETFs.

ChainCatcher news, Swiss asset management company Pando Asset has submitted a spot Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC).According to the S-1 form, the ETF will be traded on the Cboe BZX trading platform, with Coinbase acting as the custodian. Bitcoin pricing will be based on CME's CF Bitcoin Reference Rate. According to its website, Pando currently has issued a cryptocurrency exchange-traded product (ETP) "Pando Asset Crypto 6 ETP" on the Swiss Stock Exchange.