The us securities and exchange Commission (SEC) has begun consideration of two proposals of bitcoin exchange funds (ETF) without much publicity. According to the documents dated 23 March and published the day before, the Agency is already preparing for the relevant formal procedures.
As stated in the documents, the Agency intends to raise the issue of the revision of the current rules and eventually accept or reject the addition to the listing of the new York stock exchange two cryptocurrency ETFs offered by ProShares.
ProShares Bitcoin ETF and ProShares Short Bitcoin ETF are planned as bitcoin futures, with the help of which retail investors will be able to invest (or put on a fall) in the flagship cryptocurrency.
"Consideration is considered to be appropriate in relation to legal and political issues arising from the proposed rule change. The commencement of the proceedings does not indicate that the SEC has already made any conclusions on emerging issues at the moment," the documents said.
It is worth noting that ProShares proposed these two ETFs back in September last year, ahead of CBOE and CME.
Also earlier, the SEC urged to withdraw all applications for the creation of bitcoin ETFs. Then in the published statement it was said that the regulator does not intend to endorse such products as long as no additional measures will be taken for the protection of investors.
Earlier, Dahlia Blass stated that the SEC faced certain difficulties in developing a regulatory policy on bitcoin-ETF.
