The US Securities and Exchange Commission (SEC) is seeking additional public feedback as it weighs whether to approve a bid to launch a bitcoin exchange traded fund (ETF) by investors Tyler and Cameron Winklevoss.
For now, the SEC says it wants feedback on the stability of bitcoin, the manner in which the trust will value the holdings, and any potential conflicts of interest between the custodian and bitcoin exchange Gemini, which is owned by the Winklevoss brothers.
Commentators have 21 days from the publication of the SEC document in the Federal Register to formally enter their submissions. Rebuttals can be filed 35 days from that time, the agency said.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.