It seems that the time to launch the first Bitcoin ETF in the US Is starting to count down
The US SEC (SEC) announced that they are beginning to consider Request to change the law of Bitcoin ETF filed by NYSE Arca and Bitwise Asset Managent on February 11 and it looks like the latest today. Their request has been sent to the Federal Register system. This means that the SEC has 45 days to decide whether they will approve, or reject or extend the time to consider the request.
The general public who would like to comment on the submission of such request There was a total of three months to comment.
Earlier this year, in early 2019, NYSE Arca and Bitwise announced that they were about to launch Bitcoin. The ETF simultaneously submitted a request to change the rules on the same day. However, during that time the US government was shutdown Causing the SEC to not submit a request to the Federal Register system, meaning that they have not yet begun to be considered
Registration of documents on the Register system revealed that the time of registration was changed to this day. This means that we can count down for 45 days.
At present, no one has been allowed to open the Bitcoin ETF market. Previously, the SEC has rejected many requests.
Recently, VanEck and SolidX have withdrawn their joint request filed by Cboe BZX Exchange, due to the shutdown of the US government. The request was first submitted in 2018 and will be sentenced no later than February 27, 2019. Analysts expect that they are likely to receive high approval.
In the past, Hester Peirce or the SEC of the United States of America issued a statement saying that it will be pushed to approve Bitcoin. ETF is more sensitive. Subsequently, he said that it would have to be approved at the end.
Which must be seen that in the next 45 days, will we see Bitcoin ETF really happening?
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