January 28, 2023

SEC revises application for Bitcoin ETF

SEC revises application for Bitcoin ETF

The Securities and Exchange Commission (SEC) is reviewing its decision to reject the 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”.

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

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

According to the materials www.financemagnates.com