SEC appealed to the public for comments regarding Bitcoin-ETF from Wilshire Phoenix

The US Securities and Exchange Commission (SEC) has begun collecting public comments on the Exchange-traded Fund ( ETF) from Wilshire Phoenix Funds. It is reported by CoinDesk .

A feature of the proposed fund is that, in addition to Bitcoin, it will also be provided with treasury securities.

A rule change proposal to allow Wilshire Phoenix Funds to list its ETF on the NYSE Arca Stock Exchange was published on Tuesday, June 25th.

Thus, the agency gave a start to the 21-day period for accepting public comments, having started accepting relevant appeals despite the fact that formally the document still has to be registered in the Federal Register .

Recall that NYSE Arca and Wilshire submitted an application to the SEC for the launch of Bitcoin-ETF in late May. In the role of custodian of bitcoins located in the trust company Coinbase should act.

In addition, the Commission is reviewing applications to launch Bitcoin-ETF from Bitwise , as well as VanEck and SolidX. It should be noted that the department has already postponed the decision-making time for both the first and second applications.

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