Last Updated on May 28, 2021 by Jason
The Securities and Exchange Commission is now reviewing more than one Bitcoin exchange-traded fund. These include SkyBridge and Wise Origin Bitcoin Trust. SkyBridge’s offering would trade on the NY Stock Exchange, while Wise’s would be trading on BZX Exchange.
The applications are just two of six that are currently being reviewed, and more than 10 are still pending. The SEC makes a decision within 45 days, but it can take up to 240 days. Other ETFs related to Bitcoin are WisdomTree and VanEck.
American regulators have been tight-lipped on how they feel about approving these types of investment vehicles, which would allow retail investors to connect with the Bitcoin market, without having to own any Bitcoin. A lot of the time, ETFs are associated with individual’s retirement portfolios.