Bitwise amends spot Bitcoin ETF application with new, detailed argumentation By Cointelegraph
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Bitwise Asset Management has filed an amended application for a spot exchange-traded fund (ETF), beefing it up with 40 pages of new text responding to the United States Securities and Exchange Commission’s objections to the product. However, it still might not be enough to satisfy regulatory requirements, a company executive warned.
Bitwise is among the six financial firms whose spot Bitcoin (BTC) ETF applications are on hold after the SEC delayed its consideration. That move came after a court overturned the agency’s rejection of a Grayscale Investments application to convert its over-the-counter Grayscale Bitcoin Trust into a listed BTC ETF.
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© Reuters
Bitwise Asset Management has filed an amended application for a spot exchange-traded fund (ETF), beefing it up with 40 pages of new text responding to the United States Securities and Exchange Commission’s objections to the product. However, it still might not be enough to satisfy regulatory requirements, a company executive warned.
Bitwise is among the six financial firms whose spot Bitcoin (BTC) ETF applications are on hold after the SEC delayed its consideration. That move came after a court overturned the agency’s rejection of a Grayscale Investments application to convert its over-the-counter Grayscale Bitcoin Trust into a listed BTC ETF.
Continue Reading on Coin Telegraph
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