SEC (United States Securities and Exchange Commission) Designates A Period of Public Opinion Gathering Regarding Bitcoin ETF

The SEC (SEC) announced that it will hold a 21-day gathering of public opinions on ETFs, a new Bitcoin. Many are paying attention to the ETF as it is linked to Bitcoin, which didn't exist until recently and T-bills (U.S. Government bonds).

"The Trust" is the new Bitcoin ETF, which U.S. investment firm Wilshire Phoenix filed with SEC in the past May. Unlike Bitcoin ETF registered by VanEck and BitWise, this is an independent investment trust, including two assets of bitcoin and short-term U.S. bonds.

This ETF includes short-term U.S. government bonds (within one year) to curb cryptocurrency volatility while enabling indirect investment in bitcoin. In addition, officials at Bitcoin and Secret Key said the Coinbase Custody, which is a custodian service on the U.S. largest exchange coinbase, guarantees reliability.

This ETF, like the Bitcoin ETF from VanEck and BitWise, has a maximum review period of 240 days in SEC. One of the main reasons for the SEC's judgment is what comments were delivered from industry experts in public comments (research for opinions).

In addition, the next deadline for the bitcoin ETF currently being reviewed by SEC is August 14th by BitWise, and VanEck case is August 19, but has been postponed to the final deadline of October 13th for Bitwise and October 18th for Van Eck. However, it is highly likely to be further delayed until the final decision come out.

Reporter Jenny Lee (news@dailycoinews.com)의 기사 더 보기

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