Bitwise Releases Second Spot Bitcoin ETF Commercial

Source: Bitwise investments

Amid its pending application with the US Securities and Exchange Commission (SEC), Bitwise has released its second Spot Bitcoin ETF commercial. Once again, the advertisement features actor Jonathan Goldsmith, known for his recurring “The Most Interesting Man in the World” character.

In the latest ad, Goldsmith says “I thought you would like to know, Satoshi sends his regards.” He ends the ad signaling Bitcoin investors to go with Bitwise for their future Spot Bitcoin ETF.

Within the commercial, Bitwise shares a link to its website, while referencing “ETFs backed by crypto specialists.” The San Francisco-based asset manager is currently one of a dozen applications seeking to bring forth the first approved spot Bitcoin ETF in the United States.

The SEC has long pushed back its decision on Bitcoin ETF approval in the US, citing multiple concerns. However, US courts have put pressure on the regulator to make a decision, raising the hype around the entire crypto market, specifically Bitcoin. Currently, experts predict that a 2024 approval is a likely scenario, with a host of companies receiving such a response. Bitwise could be one of several companies that will see their applications approved. Moreover, its investment into an advertisement signaling such a development could speak to its confidence in such an approval

Also Read: SEC & Grayscale Hold Another Meeting to Talk Spot Bitcoin ETF

The SEC has already held meetings with multiple firms to discuss Spot Bitcoin ETFs, including Grayscale and BlackRock. Other firms have also already begun advertising their Bitcoin ETFs, to attract crypto investors, including Hashdex earlier Wednesday.