On October 26th, Bloomberg ETF analyst James Seyffart stated on social media that cryptocurrency asset management company Bitwise has submitted a modified version of its spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC), "just a response to Bitwise's comments and concerns about the SEC," and if Bitwise's product is approved by the SEC, it will be traded under the ticker symbol BITB.

Bloomberg analyst James Seyffart stated on X platform that Bitwise has updated its Bitcoin ETF filing with the SEC, in response to comments and concerns raised by the SEC, which is in line with market expectations. If Bitwise's product is approved by the SEC, it will trade under the code BITB. Seyffart stated that he did not see anything different from other filings in this version, but rather that more progress has been made, representing ongoing dialogue between the SEC and these applicant companies.

Bitwise Chief Investment Officer Matt Hougan said in a podcast that with the participation of large institutions such as BlackRock and Invesco, people's doubts and fears about the cryptocurrency industry are beginning to change. "In two or three years, there will be no more congressional hearings (questioning cryptocurrencies). People will only talk about how much this has improved market efficiency."

Bitwise Chief Investment Officer Matt Hougan said in an interview that "the spot Bitcoin ETF application is about to be approved." He mentioned Grayscale's recent victory in SEC litigation and BlackRock's successful ETF application rate, "the company has almost a perfect record in launching ETFs." Hougan also said that the demand for spot cryptocurrency ETFs is expected to be 100 times that of futures ETFs, which will have a greater impact on the market.