![](https://kidit.xyz/wp-content/uploads/2023/12/Bitwise-Spot-Bitcoin-BTC-ETF-Ad-Launches.jpg)
Bitwise is among numerous firms awaiting approval from the U.S. Securities and Exchange Commission (SEC) for launching a spot bitcoin ETF. Unlike larger players like BlackRock, Bitwise has been offering crypto ETF products for several years, a point the ad makes clear at the end, saying “ETFs backed by crypto specialists.”