📈SEC Proceedings on Bitwise Bitcoin and Ethereum ETF Listing Proposal
Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove 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 Securities and Exchange Commission has initiated proceedings to evaluate a proposed rule change by NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. The proposal aims to provide exposure to the value of bitcoin and ether, while ensuring compliance with securities regulations to protect investors and the public interest. Interested parties are invited to submit comments on the implications of this proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
This document involves the approval process of a proposed rule change for listing Bitwise Bitcoin and Ethereum ETF shares, which impacts regulatory compliance for businesses involved in cryptocurrency trading and investment. It highlights potential market access for businesses, along with associated legal requirements under the SEC rules.