As of July 17, investors, traders, and other members of the public can now share their opinions on the Bitcoin ETF filings submitted via the Cboe exchange.
All comments are set to be published on the SEC’s website.
Comment period now open
The Securities and Exchange Commission (SEC) has called upon the public to provide their input on the Bitcoin ETF filings made by Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust, and Invesco Galaxy Bitcoin ETF through the Cboe BZX Exchange, Inc.
As of July 17, the SEC shares that the public can submit comments on its filings within the specified comment period. Detailed instructions on how to submit comments can be found in the “How to Submit Comments” section, with a strong emphasis on electronic submissions. The page shares that all comments received will be published on the SEC’s website.
Last week, Cboe took a step towards listing spot Bitcoin ETFs by submitting amended applications on behalf of Fidelity, WisdomTree, VanECK, and Invesco, following their establishment of a surveillance-sharing agreement (SSA) with Coinbase.
This agreement, set to be implemented prior to the ETFs’ listing, aligns with the SEC’s recommendations and requires the spot exchange to share any information about suspicious activities in the market with the regulator, addressing concerns related to fraud and market manipulation that have previously led to the rejection of spot Bitcoin ETF applications, such as VanECK’s in 2021.
Generating optimism
The increasing number of applications and recent Blackrock ETF approval continue to generate optimism within the cryptocurrency community.
Currently, several Bitcoin ETFs are available on the Canadian market, while in Europe, the launch of their first Bitcoin ETF is set for the end of July by Jacobi Asset Management.
Bitcoin ETFs are being seen as crucial to crypto’s success since their purpose is to offer an avenue for investors to participate in the Bitcoin market without the need to directly own or trade the underlying asset.
Since a Bitcoin ETF would be released on established stock exchanges, many believe they will attract new investors to the cryptocurrency industry, according to Morningstar, spurring wider adoption and thereby positively impacting the price of Bitcoin.
Although it is too early to say if this is the impact that will result, at the time of writing, Bitcoin is sitting at $30,121 according to CoinMarketCap, a dip of 0.56% in the last 24 hours.
Source: https://crypto.news/sec-seeks-public-input-on-bitcoin-etfs/