Securities and Stock Exchange Committee (SEC) in the United States open The agency has started the official review of Bitcoin and Ethereum ETF proposed by BitWise, a hybrid box of its kind that will carry cryptocurrencies.
SEC begins with a review of the ETF BitWise proposal
ETF is designed from NYSE Arca, to track the common market value of Bitcoin (BTC) and ETHEREUM (ETH), with a preliminary assignment of about 83 % of bitcoin and 17 % ETHEREUM.
On February 19, 2025, NYSE Arca submitted a proposal to the Securities and Stock Exchange Committee (SEC) to list and trade stocks at Bitcoin Bitcoin and Ethereum ETF under commodity -based trust rules.
ETF aims to provide investors with Bitcoin and Ethereum while keeping actual cryptocurrencies, which are estimated by standard CME rates.
The Supreme Education Council published a public suspension proposal on March 12, 2025, and extended its review period on April 24, 2025. Now, the committee has started procedures to increase the evaluation of whether ETF is compatible with securities laws.
- The risk of manipulation of the market: whether the proposal protects adequately from fraudulent practices in the Bitcoin and Ethereum markets.
- Investor protection: whether ETF (carries actual encryption assets) offers new risks that are not seen in traditional traditional investment funds.
- Public interest: whether ETF is in line with the wider market safety goals.
SE has not yet reached a decision but is seeking additional public inputs on these issues. Interested parties may provide written comments within 21 days of the federal registry notice, with refutation within 35 days. Comments can be presented electronically via SEC or by mail.
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