The U.S. Banking Committee has approved the nomination of Gary Gensler as chairman of the SEC. The SEC currently has 4 applications on file for the approval of a Bitcoin ETF. The first of them was filed in December 2020, increasing the pressure on the agency to approve the first Bitcoin ETF in the US. The latest application was filed just yesterday, Thursday, March 11, 2021, by asset management firm WisdomTree. In the prospectus, the firm states that WisdomTree Bitcoin Trust will issue common shares listed on the Cboe BZX exchange under the ticker symbol BTCW. WisdomTree Digital Commodity Services will serve as the ETF’s sponsor and Delaware Trust Company will be the trustee. In this way, the product will provide exposure to the Bitcoin price based on the US CF Bitcoin fixed price. The company will hold Bitcoin itself, but will not “sell or buy BTC directly.”