
Jakarta, Pintu News â The United States Securities and Exchange Commission (SEC) recently announced an extension of the review time for Bitwiseâs crypto ETF proposal submitted by NYSE Arca. This decision signals a cautious move by the SEC in regulating this innovative financial product.
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The SEC has decided to extend the review deadline of the Bitcoin Trust ETF and Ethereum ETF proposals from Bitwise until September 8, 2025. This extension was granted as the SEC needs more time to consider the proposed changes in the âin-kindâ model.
This model allows Authorized Participants to directly access Bitcoin (BTC) or Ethereum (ETH) through ETFs, similar to traditional commodity ETFs.
This âin-kindâ model is expected to streamline the process and reduce errors or delays in the transaction. As such, the SEC wants to ensure that all aspects have been carefully considered before giving a final decision.
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Bitwise is not the only one to propose a crypto ETF with an âin-kindâ model. Other large asset managers such as 21Shares, Fidelity, WisdomTree, BlackRock, and VanEck have also made similar requests. This competition indicates a strong desire from various parties to integrate crypto into more traditional investment products.
The existence of these various proposals shows that the crypto ETF market is growing and many parties are trying to get approval from the SEC. It also signals that the future of crypto investing may be increasingly integrated with the mainstream financial system.
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Despite the delay, many industry experts remain optimistic that the SEC will not completely reject the proposal. SEC Commissioner, Hester Peirce, has expressed hope that the âin-kindâ method for crypto ETFs will materialize eventually.
This optimism is supported by the marketâs increasing openness to innovation in crypto investments. The SECâs decision to grant additional time until September will hopefully allow them to more thoroughly review how the âin-kindâ model could work, which in turn could change the way crypto ETFs are managed in the US.
The SECâs decision is very important and is being watched by many, including investors and companies, as it will greatly affect how digital assets are used as a legal investment option. As such, the future of crypto investing is likely to be heavily influenced by the outcome of this review.
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