The US SEC (Securities and Exchange Commission) has declined various proposals for bitcoin ETFs including the latest one from Bitwise. The US security watchdog (SEC) is now reviewing its decision about the Bitcoin exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca.
The SEC has announced that the ETF filing from Bitwise Asset Management and NYSE Arca is reconsidered for review. The U.S. regulators mentioned that the applicants did not meet the necessary requirements, that could be potential market manipulation, custody issues or even illicit activities, due to which the application might have been declined.
Bitwise had filed for an initial registration statement on Form S-1 back in January with the U.S. Securities and Exchange Commission (SEC) relating to a new proposed physically held bitcoin exchange-traded fund (ETF).
Bitwise Asset Management, which is a leading provider of crypto-asset index and beta funds, has appointed ‘BNY Mellon’ as the transfer agent, administrator and a custodian of its proposed bitcoin exchange-traded fund (ETF).
Moreover, the proposed Bitwise Bitcoin ETF would track the Bitwise Bitcoin Total Return Index, seeking to capture the full value of an investment in bitcoin, inclusive of meaningful hard forks. The index is produced by Bitwise Index Services, LLC, as per the company’s source.
In a company’s filed amendment to its Bitcoin ETF S-1 form on Wednesday, the firm listed BNY Mellon as administrator, transfer agent and ETF custodian. In addition, Foreside Fund Services has been appointed as the marketing agent and Cohen & Co. as an auditor. The company is yet to choose a bitcoin custodian for the trust its ETF would be built on, that would be held responsible for safeguarding the bitcoin owned by the Bitwise Bitcoin ETF Trust, the ETF that will in turn issue shares that trade on the NYSE Arca, which is subject to regulatory approval.


Ethereum Refuses to Stay Below $3,000 – $3,600 Next?
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded
2025 Market Outlook: Key January Events to Watch
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K
EUR/USD Smashes 1.1660 as ADP Jobs Massacre Crushes the Dollar
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Bitcoin Smashes $93K as Institutions Pile In – $100K Next?
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K
FxWirePro- Major Crypto levels and bias summary 



