Another Bitcoin ETF Filed For Approval

The US Securities and Exchange Commission (SEC) has begun its process of consideration for a rule change proposal for listing a Bitcoin ETF proposal submitted by Bitwise Asset Management and NYSE Arca.

A Bitcoin ETF application by Bitwise was filed in January 2019, but was not published in the Federal Register by the regulatory commission due to the US government shutdown. That has changed now, as the proposal has been accepted to be examined by the SEC.

This rule change proposal was published in the federal register on February 15, 2019, after the announcement by SEC on February 11. The SEC has 45 days to make its initial decision on the proposal and 240 days to make its final decision. Members of the general public have 3 weeks to file in any response or comments they have about this proposal.

Reference: https://www.investinblockchain.com/another-bitcoin-etf-filed-approval/

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