Two request offerings to create a Bitcoin ETF, published on February 15th and on February 20th of this year, have not been reviewed yet. On Friday, March 29th, representatives of the SEC announced that they would make a final decision no later than in May.
Namely, the decision on the first request to create an ETF, filed by Bitwise and the NYSE, will be made until May 16th. The decision on the second request, the application for the creation of which was filed by VanEck, SolidX and Cboe, will be made closer to May 21st.
ATBCoin Team’s Opinion
Although the issue on Bitcoin ETF is not yet solved, we think this will happen this year. Robert Jackson, one of the SEC commissioners, said that creating an ETF does not contradict accepted standards, which is good news!