New Bitcoin Exchange-Traded Fund (ETF) Proposal by BitWise and NYSE Arca Set to File Paperwork

2019-1-26 06:18

NYSE Arca Would be Filing Paperwork for the Approval of a New Bitcoin ETF

Although the government of the United States remains paralyzed after a shutdown, companies in the financial and crypto space continue working. Earlier in January, the firm Bitwise Asset Management announced the intention to launch a Bitcoin ETF. Although the U.S. Securities and Exchange Commission (SEC) could take 240 to approve a proposal after it’s summited, this could become the first Bitcoin ETF to be approved by the regulatory agency.

The NYSE Arca would be filing the 19b-4 rule change proposal very shortly. Although it is currently not listed on the SEC website, the NYSE Arca filed the form some days ago.

Bitwise informed that the proposal for a Bitcoin ETF is different compared to other filings because there would be a regulated third-party that would work as the custodian of the Bitcoins held by the investors. Furthermore, the company explained that they would be gathering data from different crypto exchanges for determining the assets’ value.

There are some other modifications on the methodology to determine the price that would allow the proposed rule change to have more changes to be approved by the SEC. The intention is to prevent manipulation in the price of the digital asset and protect investors from it.

The proposal made by NYSE Arca has mentioned some issues about the impact that manipulation can have on the market.

Although the proposal has been already made, the SEC has not yet started working on it due to the government shutdown in the country. This is why the team at the SEC will be evaluating the proposal once the shutdown ends.

The most important and debated proposal presented by VanEck, SolidX and Cboe, has been withdrawn a few days ago due to the government’s shutdown that is affecting the SEC and its normal operation. The regulatory agency was expected to give a final decision regarding this ETF as soon as February 27.

Companies would have until May 25 to present a proposal if they want an ETF to be approved this year.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf bitcoin although new arca paperwork nyse

Источник: bitcoinexchangeguide.com

etf bitcoin → Результатов: 126


Канадские биткойн-ETF сталкиваются с оттоком инвестиций, поскольку инвесторы обращаются к фондам США

Инвесторы переходят от канадских биткойн-ETF к американским аналогам, при этом в Purpose Bitcoin ETF наблюдается значительное сокращение активов. Последние данные показывают , что канадские держатели биржевых фондов биткойнов (ETF) перемещают свои инвестиции, при этом зафиксирован значительный отток средств из Purpose Bitcoin ETF.

2024-2-27 23:08


Some New Coins After ETF Approval Had Nothing to Do With Bitcoin

Markets have always been forward-looking, and the Bitcoin (BTC) Spot ETF was a classic example. Most of the highest gaining coins after the ETF approval had nothing to do with Bitcoin. Observing altcoins like Xai (XAI), Ethereum Classic (ETC), Ethereum Name Service (ENS), and Galaxy Fox (GFOX) may offer some insights as to where the … Continued The post Some New Coins After ETF Approval Had Nothing to Do With Bitcoin appeared first on BeInCrypto.

2024-1-18 11:30


VanEck исключит из листинга Bitcoin Strategy ETF

Решение об удалении акций VanEck Bitcoin Strategy ETF было принято примерно через неделю после того, как фирма получила одобрение SEC на листинг акций своего спотового Bitcoin ETF. Фирма по управлению активами VanEck объявила, что планирует закрыть и ликвидировать свой биржевой фонд стратегии биткойнов ( BTC ) менее чем через два года после его запуска.

2024-1-18 00:01


The Real Reason Behind Matrixport’s Dire Bitcoin ETF Predictions

Earlier today, Matrixport published a report predicting that the SEC would reject all Bitcoin ETF applications in January, causing Bitcoin’s price to plunge 9% within an hour. However, well-respected ETF analysts James Seyffart and Eric Balchunas from Bloomberg have countered Matrixport’s justification, arguing that ETF approval is actually highly likely.

2024-1-3 16:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.

XRP whales buy the dip - Analyzing impact on price action

XRP has declined again after a slight rebound in the last trading session. Whales remained in the accumulation mode despite price decline. Ripple's [XRP] recent price decline has caught the The post XRP whales buy the dip - Analyzing impact on price action appeared first on AMBCrypto.

Toncoin 'tops' the social charts! How can TON's price benefit from it?

Toncoin rose to the top as the coin with the highest social and market activity in the last 24 hours Worth evaluating whether these findings can influence TON's short-term or long-term bullish The post Toncoin 'tops' the social charts! How can TON's price benefit from it? appeared first on AMBCrypto.