Bitwise Asset Management Proposes a New Bitcoin ETF Addressing Latest SEC Regulatory Issues

2019-1-10 21:19

A new Bitcoin (BTC) ETF proposal has been made by the crypto startup Bitwise Asset Management. The main intention is to offer a new crypto ETF that solves and addresses the concerns that the SEC had with previous proposals.

In order to make the proposal, the company had to fill an initial registration form that formally proposes the Bitwise Bitcoin ETF Trust. Now, the U.S. Securities and Exchange Commission (SEC) would have to take a decision on whether it approves it or not.

The proposed ETF would track the Bitwise Bitcoin Total Return Index that measures the value of Bitcoin and other meaningful hard forks on the Bitcoin network. If approved, the ETF will be listed on the NYSE Arca.

As reported in a recent press release, the ETF proposed differs from previously filed ETFs. It will be relying on regulated third-party custodians that will be holding the physical bitcoin. Additionally, the index would be drawing the price from a large number of crypto exchanges.

John Hyland, Global Head of Exchange-Traded Funds for Bitwise commented:

“While there can be no assurance that the 19b-4 application will be granted or the SEC will review and ultimately accelerate the registration statement, we are optimistic that 2019 should be the year that a bitcoin ETF launches.”

The SEC has marked some issues that are very important at the time of evaluating an ETF. Some of these things include the reliability of crypto pricing, the strength of the arbitrage, and the quality of the crypto trading ecosystem.

Bitwise and Bitwise Investment Advisers, LLC combine decades of expertise in ETFs after managing private funds in the Bitcoin space for around a year. Bitwise was able to address the issues of custody, trading, pricing, liquidity, and reporting. These are all things that the SEC discussed in recent guidance.

Mr. Hyland has also an extensive background in the ETF space. He was also the Chief Investment Officer of United States Commodity Funds, leading the efforts to launch the world’s first crude oil ETF and the world’s first natural gas ETF, among other products.

On February 27, the SEC will have to take a decision on whether it approves the first-ever Bitcoin ETF presented by SolidX and VanEck or if it denies the application.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf new crypto had bitwise sec proposal

Источник: bitcoinexchangeguide.com

etf new → Результатов: 126


Фото:

U.S. SEC Delays Decision on VanEck's Bitcoin ETF Until February 2019

The U. S. Securities and Exchange Commission (SEC) has postponed its decision to approve or disapprove the VanEck/SolidX bitcoin exchange-traded fund (ETF). Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change further.

2018-12-7 19:56


Фото:

Bitcoin ETF May Not Pass Due to ‘Risk of Manipulation,’ Says SEC Chairman

The head of the US Securities and Exchange Commission Jay Clayton holds that the lack of safeguards for investors might roadblock the approval of a Bitcoin ETF.  The Same Old Song Speaking at New York’s Consensus: Invest 2018, SEC’s Chairman Jay Clayton outlined the risks associated with Bitcoin trading and the supposed lack of investor protection.

2018-11-28 16:00


Фото:

No Point Launching Bitcoin ETFs Until the Industry Is ‘Legitimate’: BlackRock CEO

Like many of its Wall Street peers, BlackRock, the world’s largest asset manager, has been slowly cozying up to crypto. However, the company has no plan whatsoever to launch an exchange-traded fund (ETF) for digital assets anytime soon, said CEO Larry Fink at the New York Times DealBook Conference in Manhattan on November 1, 2018.

2018-11-2 19:28


Фото:

BlackRock исключает создание bitcoin-ETF в условиях «незрелости» рынка

Инвестиционная компания BlackRock не станет запускать криптовалютный биржевой инвестиционный фонд (ETF) до тех пор, пока индустрия не «созреет», заявил глава компании Ларри Финк. Об этом сообщает CNBC со ссылкой на выступление руководителя на конференции New York Times Dealbook.

2018-11-2 12:57


Фото:

В BlackRock рассказали, когда запустят биткоин- ETF

Крупнейшая в мире инвестиционная компания BlackRock не будет предлагать своим клиентам торгуемый на бирже криптовалютный фонд (ETF), пока индустрия не станет более легитимной. Об этом заявил CEO компании Ларри Финк на New York Times Dealbook Conference.

2018-11-2 09:20


BlackRock воздержится от запуска биткоин-ETF до «легитимизации» индустрии

Крупнейшая в мире инвестиционная компания BlackRock не будет предлагать своим клиентам торгуемый на бирже криптовалютный фонд (ETF), пока не увидит, что индустрия достаточно созрела. Такое заявление в четверг, 1 ноября, сделал CEO компании Ларри Финк на New York Times Dealbook Conference, пишет CNBC.

2018-11-2 22:48


Фото:

Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval?

In an official statement, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), revealed that Bakkt will launch its Bitcoin futures market by December 2018. Bakkt, a global cryptocurrency platform developed by ICE to enable investors, merchants, and consumers to access, trade, and utilize digital assets in a faster, cost-effective, and […] The post Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval? appeared first on CryptoSlate.

2018-10-23 01:29


“A Bitcoin ETF Approval is still Years away” – Pantera Capital CEO

For those who believe  an ETF is the solution to the cryptocurrency market may be disappointed as a major member of the industry Dan Morehead believes no ETF will be coming anytime soon. Morehead mentioned this while speaking during a panel discussion on investing at Bloomberg’s Institutional Crypto conference in New York City yesterday 15 […] The post “A Bitcoin ETF Approval is still Years away” – Pantera Capital CEO appeared first on ZyCrypto.

2018-10-17 00:09


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum clears THIS key hurdle: What’s next for ETH’s price?

Ethereum’s price only moved marginally in the last 24 hours.  Market indicators hinted that Ethereum’s bull rally might resume soon. Ethereum [ETH] successfully broke above a bullish faThe post Ethereum clears THIS key hurdle: What’s next for ETH’s price? appeared first on AMBCrypto.

Ethereum whale accumulates 15K ETH: Will this finally help prices?

Ethereum whales increase holdings, but network growth slows. ETH gains slightly, but investors hold out for a $4k milestone. Ethereum[ETH] witnessed a significant uptick over the last few daThe post Ethereum whale accumulates 15K ETH: Will this finally help prices? appeared first on AMBCrypto.

XRP holders dump tokens: Will price drop below $0.50 now?

The price of XRP could drop to $0.48 after a ton of holders sold the token. Volatility spiked, network activity slumped, indicating that recovery Addresses with 100,000 to 1 million XRP haveThe post XRP holders dump tokens: Will price drop below $0.50 now? appeared first on AMBCrypto.

Ripple records a strong Q1: What does the future hold for XRP?

Ripple made massive progress in Q1 in many areas. Development activity on the network fell. Ripple [XRP] saw massive fluctuations in terms of price over the last week. However, the progress The post Ripple records a strong Q1: What does the future hold for XRP? appeared first on AMBCrypto.