SEC Begins Accepting Public Comments on ETF Backed by Bitcoin and T-Bills
The SEC has kicked off a public comment period for a proposed ETF backed by bitcoin and T-bills.
The SEC is poised to rule on another bitcoin ETF application this week. Wilshire Phoenix is hoping its novel fund structure might help it succeed where others have not.
The SEC will approve or reject Wilshire Phoenix's bitcoin and U.S. Treasury ETF proposal next year.
The U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix's bid for a bitcoin-based exchange-traded fund (ETF).
Wilshire Phoenix believes balancing funds between BTC and T-bills may convince the SEC that its bitcoin ETF proposal is better than the rest.
Members of the public have another 21 days to send the SEC comments on a proposed ETF backed by bitcoin and Treasury bonds.