30 Apr 2025
📈SEC Notice on Bitwise Bitcoin and Ethereum ETF Rule Change
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Bitwise Bitcoin and Ethereum ETF Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The SEC has extended the review period for NYSE Arca's proposed rule change to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. This decision allows the Commission additional time to consider the implications and comments related to the proposal, which aims to facilitate trading of cryptocurrency-based trust shares under specific regulatory frameworks.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's proposed rule change for the Bitwise Bitcoin and Ethereum ETF impacts compliance and regulatory requirements for businesses involved in trading cryptocurrency assets. It suggests potential market expansion and investment opportunities, influencing business strategy and financial planning.