SEC has 45 days to respond to VanEck Bitcoin ETF filing
US Securities and Exchange Commission (SEC) Revisits Recent Decision To Reject Bitwise Application To Launch Bitcoin ETF.
On November 18, the regulator announced that it will re-examine the offer of Bitwise Asset Management, submitted through the NYSE Arca, after being refused due to non-compliance with regulatory requirements regarding the possibility of market manipulation and illegal transactions..
Although the SEC will revise its previous verdict, this will not overturn the existing ban until a new verdict is issued..
All stakeholders and individuals can again speak out in support of or against the launch of the Bitwise Bitcoin ETF. The regulator will collect statements on this issue until December 18.
Recall that in October, the SEC also reset the timer Considering the Wilshire Phoenix Bitcoin-ETF Hybrid by adopting the amendments to the application as a complete replacement for the proposal.
text: Ivan Malichenko, photo: Lecho, Shutterstock