New York Stock Exchange Operator Seeks Permission to Listing Two Bitcoin ETFs The New York Stock Exchange (NYSE) Operator has approached the US Securities and Exchange Commission (SEC) with a proposal to change the rule that would allow the exchange to list NYSE trading platforms Arca are two exchange-traded funds (ETFs) pegged to bitcoin.

New York Stock Exchange Operator Seeks Permission to Listing Two Bitcoin ETFs

The operator of the New York Stock Exchange (NYSE) has approached the US Securities and Exchange Commission (SEC) with a proposal to change the rule that will allow the exchange to list two exchange-traded funds (ETFs) pegged to Bitcoin on the NYSE Arca trading platforms.

According to a document sent to the SEC on December 19, the world's largest derivatives market operator, the Intercontinental Exchange (ICE), intends to list the ProShares Bitcoin ETF and ProShares Short Bitcoin ETF, which will track the price of Bitcoin through futures contracts..

ProShares initially filed its applications in September, but the SEC declined to consider them, since the underlying asset - Bitcoin futures - did not yet exist at that time. Now that bitcoin futures have appeared on two American exchanges at once, ProShares expects to receive SEC approval..

The SEC itself has not provided any comment on Bitcoin ETFs since the inception of futures. Many analysts hope that the service will change its attitude towards this instrument, given that the Commodity Futures Trading Commission (CFTC) has given the go-ahead for the launch of futures..

ICE's decision turned out to be quite unexpected, since recently the chairman of the exchange, Jeffrey Spencer, said that he was not going to chase cryptocurrency derivatives..

“We do not consider it an obvious decision to pursue a product and are not going to be the first and deal with the indices of exchanges that are not distinguished by transparency,” he said..

Previously, CBOE requested permission to list ETFs issued by GraniteShares.

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