The Commission on securities and exchange Commission (SEC) announced that on February 11 began the consideration of the application of the company management scriptactive Bitwise on changing the rules for listing a bitcoin ETF on the NYSE Arca. Within 45 days of the regulator intends to give her the answer.
However, if the question will require more time for decision about approval or denial, the SEC, publicly explaining the reasons, may extend the period of the application up to 90 days. In the next three weeks – until March 8 – the regulator also expects the public comments on the proposal by Bitwise.
Recall that recently representatives of the SEC forced the company Reality Shares ETF Trust to withdraw filed two days before the application for approval to launch ETFs with partial access bitcoin futures. And the Chicago Board options exchange (CBOE) January 30, re-filed with the SEC previously withdrawn application for the launch of a bitcoin ETF through an investment company VanEck and blockchain company SolidX.