The Commission on securities and exchange Commission (SEC) published a request for a Bitwise Bitcoin Trust ETF filed today by the company management cryptogateway Bitwise on form S-1. From the document follows that the applicant plans to place the shares of the bitcoin ETF on the NYSE Arca and bind it to the index Bitwise Bitcoin Total Return that tracks the price movements of bitcoin and its forks on the major exchanges. As noted in the application storage scriptaction will be engaged in regulated custodian.
Before you apply to the financial regulator for approval in Bitwise examined the themes that caused doubts by the SEC filings of other companies, and tried to take them into account. Recognizing the possibility of failure, the company hopes that 2019 will be remembered for the launch of a bitcoin ETF.
Bitwise announced today the filing of an initial registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed new physically held exchange-traded fund. https://t.co/2k23ghuWss and https://t.co/tNKE4XNNni
— Bitwise (@BitwiseInvest) January 10, 2019
Recall that the SEC has deferred a decision on approval of the launch of exchange-traded bitcoin Fund (ETF) VanEck/SolidX until 27 February. SEC Commissioner Hester pierce (Hester Peirce), nicknamed “Crypto Mom” for disagreeing with the decision of the SEC to reject the application for a bitcoin ETF brothers the Winklevossbelieves that the decision-making process on this issue could drag on for years.