WisdomTree just filed paperwork on a preliminary prospectus with the U.S. Securities Exchange Commission to launch the WisdomTree Bitcoin Trust. The WisdomTree Bitcoin Trust is an exchange-traded fund that will issue common shares listed on the Cboe BZX Exchange, Inc. and trade under the ticker symbol “BTCW.”Per the prospectus of the WisdomTree Bitcoin Trust, its objective is to gain exposure to the price of bitcoin, less expenses, and liabilities of the trust’s operations.Additionally, the prospectus goes on to state: “Barring a liquidation or extraordinary circumstances, the trust does not currently intend to purchase or sell bitcoin directly.”The news comes out as bitcoin (BTC-USD) is trading at $57,621.51, up 1.22% and challenging its all-time high.This move by WisdomTree to create a bitcoin trust joins the likes of VanEck, Valkyrie, and New York Digital Group who each filed for a bitcoin ETF.