April 21, 2024

SEC Zero Wilshire Phoenix Hybrid Bitcoin ETF Review Timer

SEC Zero Wilshire Phoenix Hybrid Bitcoin ETF Review Timer

The US Securities and Exchange Commission (SEC) adopted amendments to the application for the launch of the hybrid ETF Wilshire Phoenix as a complete replacement for the proposal and restarted the review process.

According to the published notice, the countdownThe review time started from scratch, and the regulator again began collecting comments on the Bitcoin and US Treasury bills on the U.S. based on the application of Wilshire Phoenix investment company, filed through the NYSE Arca exchange.

The adjustments made relate to the issue and redemption of securities, listing and tradingshares of the fund, and also include some corrections, clarifications and an additional description of the monthly rebalancing of the trust.

After reviewing the amendment form filed on Oct. 4, the SEC decided it was a complete replacementand cancels the original offer.Comments on this application are relatively recent and completed in August.

So far, the US regulator has not approved a single proposal to launch a crypto ETF.