SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF
Members of the public have another 21 days to send the SEC comments on a proposed ETF backed by bitcoin and Treasury bonds.
Dave Weisberger of CoinRoutes lays out why he believes that the SEC is wrong to deny a bitcoin ETF.
The agency’s five commissioners will review a staff decision to reject the rule-change proposal for a bitcoin ETF made last month.
WisdomTree was the lead investor in the funding round for Securrency. Other investors include the state-backed Abu Dhabi Investment Office (ADIO).
Wilshire Phoenix believes balancing funds between BTC and T-bills may convince the SEC that its bitcoin ETF proposal is better than the rest.
The portfolio manager behind SPDR Gold Shares is developing a bitcoin ETF, but winning SEC approval remains a holy grail in the nascent space.