Pando Asset Throws Hat in the Ring: 13th Player in Bitcoin ETF Race

The race for a spot Bitcoin exchange-traded fund (ETF) in the U.S. gained another contender this week, as Swiss asset management firm Pando Asset AG submitted an application to the U.S. Securities and Exchange Commission (SEC). Pando Asset AG, a leading Swiss-based asset management company, has announced its expansion into the cryptocurrency market with the filing of a spot Bitcoin ETF.

Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States. On the last week, Pando Asset AG, a digital asset management firm based in Switzerland, last week became the latest issuer to submit an application to the U.S. Securities and Exchange, Swiss asset manager, Pando Asset, has now officially joined the competition for launching the first spot Bitcoin$42,260 -0.64% exchange-traded fund (ETF) by filing an S-1.

With Pando Asset now in the mix, the competition intensifies. Will their late entry strategy prove successful? Stay tuned for updates on the ongoing Bitcoin ETF race and Pando Asset's progress.