The U.S. Securities and Exchange Commission (SEC) has begun its review of the most recent Bitcoin exchange-traded-fund (ETF) applications. The regulator published documents last week seeking public comment, and the review process will officially start once the filings are published in the federal register. The SEC has asked for feedback on five ETF applications from Cboe: Wise Origin, WisdomTree, VanEck, Invesco Galaxy, and ARK 21Shares. Additionally, it has requested comments on BlackRock’s iShares Bitcoin Trust, filed on Nasdaq, and Bitwise’s Bitcoin ETP Trust, filed on NYSE Arca.
Shares of crypto exchange Coinbase rose as much as 16% after it reached an agreement with Cboe’s BZX Exchange to maintain a surveillance-sharing agreement for the five ETF applications.
The SEC has asked for comments on all five of Cboe’s ETF applications, said the regulator. In separate documents, it also asked for comments on BlackRock’s iShares Bitcoin Trust, filed on Nasdaq, and Bitwise’s Bitcoin ETP Trust, filed on NYSE Arca.