SEC Delays Decision On WisdomTree Application For Bitcoin ETF Launch – Bits Media

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SEC отложила принятие решения по заявке WisdomTree на запуск ETF на биткоин - Bits Media

United States Securities and Exchange Commission (SEC) postponed the decision on the WisdomTree application to launch an exchange-traded fund (ETF) on Bitcoin until the fall and requested expert comments.

This week, SEC requested comments on the public and industry experts on application Wisdomtree to launch ETF on bitcoin. Comments should be presented within three weeks after the publication of the document in the federal register.

In the decision to extend the term for consideration of the application, SEC raised questions about that, Whether ETF will be “subject to manipulations” and how can the proposed product be protected from fraud. The regulator is also concerned about, Is the Bitcoin Cme Bitcoin Bitcoin Bitcoin, To avoid manipulations.

SEC is currently considering more than ten applications for the launch of ETF for bitcoin. Some participants in the industry, Including Wisdomtree, Also submitted applications for the launch of ETF for air and futures on BTC. Unlike Canada, In the United States, the eTF launch on bitcoin has not yet been approved, Although supporters of proposals claim, that this will help create a more adjustable market.

SEC usually puts aside decisions on applications on ETF Bitcoin to the maximum possible period. Recently, the commission extended the deadline for consideration by Skybridge Capital to launch ETF to Bitcoin - the decision will be made in August.

ETF Bitcoin will expand access to cryptocurrency markets. Since the ETF is regulated, Some management funds, financial institutions or even retail investors will be able to buy ETF shares and not participate in the BTC trade directly.

However, it is still unclear, when the American regulator approves such an exchange fund. SEC chairman Gary Gensler previously expressed concern about manipulations and fraud in the BTC market, as well as investor protection problems. The agency often referred to the market manipulating as a key problem when deviations of past applications for the launch of ETF on Bitcoin.