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SEC Grants Fast-Track Approval for Bitwise Bitcoin and Ethereum ETF Beincrypto 15 godzin temu

SEC Grants Fast-Track Approval for Bitwise Bitcoin and Ethereum ETF 📈

Ethereum SEC Bitwise NYSE Arca Bitcoin

The US Securities and Exchange Commission (SEC) has swiftly approved Bitwise's spot Bitcoin and Ethereum ETF, just after endorsing similar funds. The approval came through NYSE Arca's 19b-4 filing, enabling the ETF's listing and trade with asset allocations mirroring Bitcoin and Ethereum's market caps.

The SEC expedited the submission, given its similarity to already sanctioned crypto ETFs, recommending approval before the usual 30-day publication period.

Tips from Bloomberg analysts note that this quick decision was anticipated, following previous acceptance of ETFs by Hashdex and Franklin Templeton.

Further, Eric Balchunas remarked the SEC's approval pace was remarkably faster than the standard 240-day period, hinting at possible ongoing changes in the SEC's processes.

Bitwise's ETF ventures continue expanding amid crypto market dynamics and SEC's reviews of other applications, like those for Solana, XRP, and Dogecoin ETFs.

Źródło: beincrypto.com ↗

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