The Commission on securities and stock exchanges of the USA (SEC) declared the beginning of consideration of proposals to change the rules for listing bitcoin ETF, decorated with NYSE Arca and the company Bitwise Asset Management, with the entry in the Federal register of February 15. From that date the regulator will be 45 days in order to make the primary decision: to approve, to reject the proposal or to request additional time for its consideration.
Members of the public are given 3 weeks to provide the SEC any comments about this.
NYSE Arca and Bitwise announced its intention to launch a bitcoin ETF in January of this year, at the same time issuing the necessary documents. However, SEC did not immediately made a proposal in the Federal register due to the shutdown of the U.S. government, in connection with his official review begins only now.
As reported earlier, Bitwise, its proposal differs from other proposals to launch a bitcoin ETF, as she going to use third party adjustable solution for storing bitcoins. In addition, to determine the price of a financial instrument will use data of many exchanges who spot and futures trade.
Inclusion in the Federal register is currently awaiting an application for listing bitcoin ETF of companies VanEck and SolidX, designed in conjunction with the BZX exchange Cboe which were recalled in late January and re-issued at a later date. It was assumed that this proposal will receive your decision by February 27, however, after re-submission of the previous review period were no longer relevant and a new one started.
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