WisdomTree, a major player in the exchange-traded fund (ETF) sector, has filed a request to launch a bitcoin trust that seeks to provide exposure to the cryptocurrency while taking into account the associated expenses and liabilities. The WisdomTree Bitcoin Trust will be listed on the Cboe BZX Exchange and transactions that are “in-kind” enable WisdomTree to deliver or facilitate the delivery of bitcoin to the trust’s custodian, U.S. Bank National Association. BlackRock recently sought regulatory approval for a spot bitcoin ETF. Meanwhile, EDX Markets has been launched by a consortium featuring Charles Schwab, Citadel Securities and Fidelity Digital Assets. Initially, the exchange will support bitcoin, ethereum, bitcoin cash and litecoin. Clearinghouse services will be added later this year.
The TrueUSD stablecoin posted a supply increase of 52% on 16 June, seeing growth of around 53.5% over the past month. Binance holds 83.31% of the circulating supply, with wallets holding 389,561,743, 45,233,811, 28,000,000, 10,601,602, and 10,270,001 tokens and multiple wallets under Binance’s control. TUSD was introduced in 2018 as an ERC20-based stablecoin by Trust Token. The company collaborated with Custodian Prime Trust, but TUSD mints via Prime Trust are temporarily paused until further notice. Despite this setback, TUSD has a market valuation of $3.11bn.