Bitwise Asset Management has applied to create a physical-delivered bitcoin (BTC) exchange-traded fund with NYSE Arca.
Bitwise has applied for an ETF again, two years after receiving a rejection from the US Securities and Exchange Commission (SEC), according to the company’s CEO, Matt Hougan, on Thursday.
Stating that the planned fund will include bitcoin directly, not bitcoin futures contracts, Hougan said that this is one of the first options. “better” and that establishing a physical delivery ETF “that they finally believe it’s possible” told.
The SEC has filed Bitwise’s application in 2019. A file longer than 100 pages prepared and answered, at that time the bitcoin market to the risk of manipulation He refused the application because of his concerns.
Bitwise’s CEO has spent the past 2 years on the subject. “by analyzing” He said they had. The length of the company’s filing with the SEC today, It exceeds 250 pages.
The Securities and Exchange Commission, led by Gary Gensler, has so far not accepted any of the applications to set up a bitcoin ETF. Gensler, in his summer statements, futures contracts He said he “waits” to see how applications that are planning to invest and are currently under evaluation will be evaluated.
Securities regulator, some of these applications to be approved, rejected or postponed. It will make its decision within the next week.