The media “Federal Register” that delivers US government-related news daily revealed that the SEC started the review of the Bitcoin ETF applied by Bitwise (Bitwise), which performs cryptocurrency asset management.
【Complete Edition】 Recently I often hear Bitcoin ETF (Listed Investment Trust) What … What! What? by CryptoTimes
According to the article, Bitwise seems to apply for a Bitcoin ETF on the 10th of last month and aim to list on NYSE Arka. NYSE ARAKA is predominantly the first American certified ECL to be acquired by NYSE and is operated independently from NYSE.
Also, as listing standards differ from those of NYSE, it seems that start-up companies are listed mainly .
As a future flow, the SEC is required to judge approval or refusal within 45 days , but if it is judged that time is insufficient, it can use up to 240 days for deliberation.
To date, a number of ETF applications have been rejected by the SEC, but Bitwise is confident that “we will wipe out SEC concerns” against this examination.
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Author: sota 【Coin Desk News】 – Source Post: https://crypto-times.jp/bitwise-etf-request/
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