December 5, 2023

SEC revises application for Bitcoin ETF

SEC revises application for Bitcoin ETF

The Securities and Exchange Commission (SEC) is reconsidering its decision to reject an application to create a Bitcoin ETF.filed by Bitwise Asset Management and NYSE Arca.

The head of research at Bitwise saidthat the company made no efforts to change the decision of the commission, however, he “welcomes the opportunity to continue the dialogue with the SEC”.

Let us remind you that Bitwise’s application was rejected 9October of this year. And although it is still unclear why the commission decided to return the application for consideration, many experts believe that the SEC's decision will remain unchanged. According to some, the crypto community will have to wait several more years for the approval of a Bitcoin ETF. 

Recall that recently, the Chinese mining company Bitmain Technologies filed an IPO application with the SEC.

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