Kryptoin Submits New Bitcoin ETF Application – Bits Media

Asset manager Kryptoin Investment Advisors filed with the US Securities and Exchange Commission (SEC) new application for launching an exchange-traded fund (ETF) of bitcoin.

This is not the first application to the SEC from Kryptoin - a similar document was submitted to the Commission at the end 2019 of the year. When if it was assumed in the old application, that the shares of the trust "Kryptoin Bitcoin ETF" will be traded on the NYSE Arca platform, then the new document chooses BZX of the Chicago Board Options Exchange as the platform (CBOE).

The exchange-traded fund share price will be calculated based on the CF Bitcoin USD Settlement Price index. Also the application says, that the “trust will hold bitcoins, handle all creations and redemptions in kind, and the management fee will be taken exclusively in bitcoins ".

Note, that in March, an application for the launch of an ETF on bitcoin filed
WisdomTree. She also chose CBOE BZX to list her fund's shares.. At the moment, the SEC has already registered 7 active applications for launching exchange-traded funds for bitcoin. At the same time, earlier this year, the Canadian regulator approved the launch of several cryptocurrency exchange-traded funds at once..