Swiss firm Pando Asset has filed for a spot bitcoin ETF with the U.S. Securities and Exchange Commission. If approved, the Pando Asset Spot Bitcoin Trust will be listed on the Cboe BZX Exchange, using Coinbase as custodian and CME’s CF Bitcoin Reference Rate for pricing. This move adds to Pando’s existing cryptocurrency products offered in Europe. Meanwhile, the SEC, which has delayed similar applications from major firms, recently moved applications from Franklin Templeton and Hashdex to a public comment phase, hinting at a possible acceleration in the review process.