SEC Delays Decision on Wilshire Phoenix Bitcoin ETF Proposal

[cheezcarls]

"The U.S. Securities and Exchange Commission (SEC) has begun proceedings to determine whether it should approve a proposed bitcoin exchange-traded fund (ETF).

According to a public filing published Tuesday, the SEC has begun evaluating the proposed rule change to allow NYSE Arca to list and trade shares of Wilshire Phoenix’s Bitcoin and Treasury Investment Trust. The companies first filed the rule change proposal in May.

The ETF would give investors exposure to both bitcoin and U.S. Treasury bonds. The SEC listed a number of questions for the general public, including what individuals think of the suggestion that the CME bitcoin reference rate is not susceptible to manipulation.

The SEC began taking comments on the proposal in June, and records show that only six individuals have submitted responses, both in support of and against allowing a bitcoin ETF."

Source: https://www.coindesk.com/sec-delays-decision-on-wilshire-phoenix-bitcoin-etf-proposal