Today news
About the same in other media
NYSE Arca files with SEC to list Bitwise Bitcoin ETP Trust
Reading now: 239
NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE) Group, wants to list and operate a trust based on Bitcoin (BTC) exchange-traded products (ETP).
In a rule-change proposal with the United States Securities and Exchange Commission, NYSE Arca proposed to list shares of the Bitwise Bitcoin ETP Trust.
The proposal clarifies that each share of the trust will be represented by fixed “units of undivided beneficial ownership,” allowing the shares on the stock exchange to reciprocate their value in accordance with Bitcoin’s market price.
Moreover, the trust will be operated by two third-party associates serving as the trust’s custodian, administrator and transfer agent. According to the filing:
Upon the SEC’s approval for the rule change,
Read more on cointelegraph.comAbout this in other media
Bitcoin City: El Salvador plans world's first city built with crypto bonds and powered by volcano euronews.com /3 years ago
El Salvador president plans 'Bitcoin City' financed by crypto bonds moneycontrol.com /3 years ago
El Salvador Plans World's First Bitcoin City ndtv.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
