New York’s WisdomTree is looking for approval by the SEC to launch a Bitcoin ETF.

New York-based asset manager WisdomTree has registered to get a Bitcoin exchange-traded fund, or ETF, together with all the U.S. Securities and Exchange Commission.

The company submitted its filing on March 11. It says the WisdomTree Bitcoin Trust will trade on Chicago Board Options Exchange’s BZX platform below the ticker BTCW. The trust would provide a regulated way for investors to gain exposure to the cost of Bitcoin, and allow speculators to execute trades through their agents.

Contracts will be settled according to CF Benchmarks’s”CF Bitcoin US Settlement Price,” a price index that monitors the cost predicated on major BTC spot exchanges.

The proposed ETF isn’t WisdomTree’s very first foray into crypto, together with the firm currently handling a major institutional ETH fund.

In June 2020, WisdomTree registered for an ETF that could invest around 5 percent of capital into BTC futures contracts, regardless of the finance being primarily focused on agriculture, energy, and alloys. In December 2019, the company established a physically-backed Bitcoin exchange-traded product which was recorded on the SIX Swiss Exchange.

WisdomTree isn’t alone in seeking SEC approval for a Bitcoin ETF. Last month, crypto-focused financial services company NYDIG filed for a Bitcoin ETF, with leading U.S. investment bank Morgan Stanley among the suggested fund’s authorized participants

Leading exchange-traded product-issuer VanEck registered for its own BTC fund in January, in addition to an ETF tracking the performance of leading crypto companies. Texas-based Valkyrie Digital Assets additionally filed to get a Bitcoin ETF that same month.

But, VanEck’s bidding for ETF endorsement might be affected by an ongoing lawsuit against the former partner, blockchain tech company SolidX — with the business accusing VanEck of plagiarizing a item both companies worked on together throughout 2018 and 2019.