Tag Archives: wilshire phoenix

A cryptocurrency analyst is claiming that the days of a bitcoin ETF are numbered.A Bitcoin ETF May Not Arrive for a WhileData Trek Research co-founder Nick Colas explained in an interview that the Securities and Exchange Commission (SEC) is being very hard on bitcoin exchange-traded funds (ETFs), and that people will likely see a bank-issued central cryptocurrency before they witness the days of a bitcoin ETF.Last January, Colas explained that the odds of witnessing an ETF based on a...

Bitwise Bitcoin ETF proposal has been withdrawn. The cryptocurrency asset management firm indicated that it had submitted a note to the U.S. SEC. Bitwise said that the withdrawal request is “consistent with the public interest and protection of investors”. This shows that the firm is studying the situation at this time. The global head of research told:“We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.”It also...

The United States Securities and Exchange Commission (SEC) has decided to postpone the Wilshire Phoenix’s Bitcoin ETF proposal. According to a document released by the commission, they will continue putting the proposal under review. By February 26th, 2020, the SEC will approve or disapprove the rule changes that will determine the status of the ETF. This decision essentially puts in limbo the status of the ETF. It also indicates the cold feet that the SEC has towards new Bitcoin and other...

The U.S. Securities and Exchange Commission (SEC) again delayed its decision about Bitcoin exchange-traded fund (ETF) proposed by New York-based investment-management firm Wilshire Phoenix.As per the public filing, SEC needs to assess the proposed rule change to allow NYSE Arca in order to deal with shares of Wilshire Phoenix’s Bitcoin and Treasury Investment Trust. Arca first started seeking regulatory approval from the SEC for a different type of stablecoin. Dubbed as the Arca UST Coins –...