SEC will decide Bitcoin-ETF Bitwise and NYSE Arca within 45 days

On February 15, the US Securities and Exchange Commission (SEC) began consideration of the application of the NYSE Arca and Bitwise Asset Management to change the rules for listing Bitcoin-ETF. This is reported in the official documentation of the regulator.

Within 45 days, the regulator will have to approve, reject the proposal or request additional time for its consideration.

In addition, within three weeks, the SEC will receive comments on the application from members of the public.

Recall that NYSE Arca and Bitwise announced their intention to launch Bitcoin ETF in January. A feature of the new exchange investment fund will be the participation of a qualified third-party custodian of bitcoins.

On the eve, Reality Shares confirmed the withdrawal of its application for changing the rules of the NYSE Arca exchange, which, if approved, would enable it to launch an exchange-traded investment fund (ETF) with partial access to Bitcoin futures.

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