What Are Your Thoughts On Bitcoin ETFs? SEC Wants Feedback On BlackRock, ARK Invest

Zinger Key Points
  • SEC begins review of Bitcoin ETF applications.
  • Shares of Coinbase experienced a surge of up to 16% last week.

The U.S. Securities and Exchange Commission (SEC) recently released documents calling for public input on five Bitcoin BTC/USD exchange-traded funds (ETFs) applications.

"We encourage the public to submit comments on the following Cboe BZX Exchange, Inc. filings during the comment period," the agency said, citing Ark Invest's ARK 21Shares Bitcoin ETF, as well as pending ETFs from Wise Origin, WisdomTree, VanEck and Invesco Galaxy.

The official countdown for the review process doesn't commence until the submissions are listed in the federal register.

Also Read: Crypto Set To Outshine Global Currencies, BlackRock CEO Predicts

The SEC also called for comments on the iShares Bitcoin Trust by BlackRock Inc BLK, which was submitted on Nasdaq NDAQ.

 

In related news, shares of the cryptocurrency exchange Coinbase COIN experienced a surge of up to 16% last week.

This came after the exchange struck a deal with Chicago Board Options Exchange's (Cboe) BZX Exchange to uphold a surveillance-sharing agreement pertaining to the five ETF applications.

Read Next: Bitcoin Miners On Edge As Halving Event Threatens Profits

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