The first Bitcoin ETF could be approved for 45 days. Consideration started
Source:
After a long period of uncertainty, the SEC finally started the review process . According to sources, the first queue is a request from the Bitwise — exact this application, the Commission published in the fed register, 15 Feb. There is a high probability that in the near future, the Commission on securities and stock exchanges of the USA will approve the ETF debut on . Perhaps it will be the product from NYSE Arca, or Bitwise Asset Management. We will remind that after the official publication in the register the Commission has 45 days to approve or reject the application.
NYSE Arca and Bitwise applied in early 2019, but because of the shutdown of the US government no progress on this issue was not. It seems now everything is back to normal, as February 15 in the registry of the Federal reserve was amended that say about the upcoming process.
Of Course, it will take more than one day, and on the way there will be obstacles, but it is likely that the Bitwise application will receive the approval of the Commission. At least, it is hoped the head of exchange-traded funds company John Hyland.
Though it is impossible to speak confidently about the approval of our application 19b-4, but clearly it can be argued that the Bitcoin ETF will definitely be approved this year.
Although many companies are also trying to push their applications for the approval of the ETF, the proposal Bitwise thought out better than others, and takes into account the multiple observations of the Commission. The company was founded in 2017 in San Francisco, it consists of professionals with years of experience in the management of the assets.
Whether the founder of Bitwise on the part of the ETF on Bitcoin this year? We will get the answer very soon. More data look at . Also look in to spot the market's reaction to the decision by open investment Fund at BTC.
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