The U.S. SEC officially begins review of Bitwise Bitcoin (BTC) and Ethereum (ETH) combined spot ETF
JH Kim
Summary
- The U.S. Securities and Exchange Commission (SEC) announced it has officially begun reviewing the combined spot ETF of Bitcoin (BTC) and Ethereum (ETH).
- The SEC stated it will determine the eligibility for launch of the product based on legal and policy review, as well as public comment collection.
- The rule change proposal for the ETF listing was submitted by NYSE Arca and Bitwise in February, and the review deadline was reported to have been extended.
According to Binance News on the 10th (local time), the U.S. Securities and Exchange Commission (SEC) announced that it has officially begun the review process for the approval of the launch of Bitwise’s combined Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded fund (ETF) product.
Accordingly, legal and policy review procedures for the product are underway, and it was explained that eligibility for launch will be determined based on public comment collection.
Previously, NYSE Arca and Bitwise submitted a rule change proposal to the SEC for the listing of the ETF in February, and the SEC had extended the initial review deadline, which was set for April 24.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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