Another potential Bitcoin (BTC) exchange-traded fund (ETF) is in the works, and the US Securities and Exchange Commission has opened a comments period to clarify the potential.
Wilshire Phoenix Fund may be able to offer shares to a combined ETF based partially on BTC and T-bills. The SEC has issued a rule change proposal to allow the listing of the shares on the NYSE Arca exchange, pending the 21-day comment period.
“The Exchange proposes (1) to amend NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares) to provide for issuance and redemption of such securities for the underlyi...