The US Securities and Exchange Commission (SEC) has asked Bitwise Asset Management to address its concerns for its spot Bitcoin exchange-traded fund (ETF) application.
SEC, Tuesday, February 1 day Bitwisein his statement to spot Bitcoin ETF about the application stock manipulation, fraud and other potential issues clarify how to prevent wanted. The SEC also announced that the “Bitwise Bitcoin ETP Trust” liquidity and transparency expressed his concerns about bitcoin as core asset for fundRequested more details on the “suitability” of .
to date spot Bitcoin ETPpostponing their rejecting This is the first time the SEC has made such a request. SEC, after further feedback Bitwise Bitcoin ETP Trust’of Intercontinental Exchange‘belong to on the NYSE Arca exchange He said he would initiate actions to decide whether to approve its listing.
The SEC has been among them in the past two months. Fidelity, SkyBridge and Valkyrie rejected spot Bitcoin ETFs, including applications for
SEC December to evaluate the Bitwise Bitcoin ETP Trust’s decision, the proposed rule change, and the comments received. February 1, 2022 postponed until the deadline.
Bitwise‘of, SECto respond to the concerns of 21 days has duration.