The U.S. Securities and Exchange Commission (SEC) has officially accepted Bitwise’s updated application for an updated spot Bitcoin (BTC) exchange-traded fund (ETF).
In a statement released by the SEC on its official website on July 12, asset management company Bitwise has recently announced that after being turned away later by updating resent spot Bitcoin ETF of your application to examine about to official aspect that you accept announced.
your acceptance “Bitwise Bitcoin ETP Trust” called ETF listing confirmation means that you didn’t come underlined. The world’s largest asset manager in the past weeks BlackRock’s chance after applying retrying Bitwise’s Chief Investment Officer Matt Houganmade the following statements on the subject:
You should listen to BlackRock when it hits the market. They are the world’s largest issuer of ETFs, they are very careful and they have a lot of connections. I’d be lying if I said it wasn’t an important signal.
Your renewed application surveillance agreement about the part detailed from giving information avoidant Hougan, your most successful application suddenly more focus on point said it should. In this context, Hougan Chicago Merchantile Exchange (CME) expressed its importance as follows:
The most successful spot Bitcoin ETF applications will need to include multiple pieces of analysis. These submissions include analysis focused on the Chicago Merchantile Exchange (CME) and, frankly, custody-sharing agreements are also quite interesting.
On the other hand, Hougan said that Bitwise is much more in this regard. holistic One approach He said he would take it.
Although it is thought that Bitwise, which is understood to follow a similar path with the investment company with its statements about BlackRock, is thought to be highly likely to be approved, the SEC’s determination on the ETF reduces the possibilities.