SECURITIES AND EXCHANGE COMMISSION (Release No. ; File No. SR-NYSEArca) August 22, Self-Regulatory Organizations; NYSE Arca, Inc.; Order Disapproving a Proposed Rule Change to List and Trade the Shares of the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF I. INTRODUCTION On December 4, , NYSE Arca, Inc. Bitwise Bitcoin ETF: August 14 One of the proposals being reviewed by the SEC is for the listing and trading of shares issued by Bitwise Bitcoin ETF Trust filed by NYSE Arca Inc. on Jan. This proposed rule change was published in the Federal Register on Feb. Dec 31, · But bitcoin's surge to new highs in - driven by increased adoption from institutions and a changing of the guard at the SEC - could improve the chance of regulatory approval for an ETF.
Sec bitcoin etf augustThe SEC Is Now Reviewing 2 Bitcoin ETF Proposals - CoinDesk
But could that come about with a more transparent market, through weeding out offenders, or another as yet unspecified event? Here are a few possibilities:. Tom Lee, founder of research consultancy Fundstrat Global Advisors, echoed the somewhat downbeat tone that was in evidence in Speaking at the BlockShow conference in Singapore in , he said the current cryptocurrency market was simply too small for a Bitcoin ETF to be viable. The first option is almost impossible to establish, but frameworks for surveillance solutions, which monitor manipulation risk across multiple markets, are being developed by crypto compliance firm Solidus Labs , among others.
The most likely deciding factor is a viable shared surveillance framework to counter market manipulation. Each listed company or institutional fund that invests in Bitcoin drags the regulatory regime one step closer to the inevitable.
This may be coming to pass. Mike McGlone, Senior Commodity Specialist at Bloomberg, believes a more hands-on presidency, which may be the case under Joe Biden, could make all the difference. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
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