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The most important and debated proposal presented by VanEck, SolidX and Cboe, has been withdrawn a few days ago due to the government’s shutdown that is affecting the SEC and its normal operation.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 - TapSwap on Solana 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


Фото:

Purpose Bitcoin ETF holdings soar past 30k, topping $1 billion amid signs of rising institutional interest

Quick Take Overcoming previous setbacks, the Purpose Bitcoin ETF’s holdings recently surpassed a significant milestone of 30k Bitcoin, a first since the Luna collapse in June 2022. Furthermore, its assets under management (AUM) have exceeded the $1 billion mark, underscoring the ETF’s resilience in its 18-month recovery period.

2023-11-14 01:45


Фото:

Cathie Wood says ‘hopes are rising’ for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets

Cathie Wood, the CEO and CIO of ARK Invest, commented on pending spot Bitcoin ETF applications during a CNBC interview on Oct. 16. As ARK Invest is one of several asset managers pursuing a spot Bitcoin ETF, Wood began by describing the current state of her company’s application, stating: “It was publicized and disclosed last […] The post Cathie Wood says ‘hopes are rising’ for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets appeared first on CryptoSlate.

2023-10-17 01:50


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.

What's in store for XRP as XRPL development activity picks up pace?

The increase in development activity had little to no effect on XRP's price. A good buying opportunity might have presented itself, on-chain data revealed. Development activity on the XRP LeThe post What's in store for XRP as XRPL development activity picks up pace? appeared first on AMBCrypto.