The US Securities and Exchange Commission (SEC) has begun the process of reviewing an application for a change in the rule that will allow listing Bitcoin ETF proposed by Bitwise Asset Management and the NYSE Arca exchange.
The proposal itself was published in the Federal Register on February 15, which leaves authorized personnel 45 days to make an initial decision on approval, rejection or further extension of the time frame for consideration of the application. The SEC has a total of no more than 240 days to make a final decision on whether to approve or reject the proposal.
