A Bitcoin ETF application from a company called Kryptoin Investment Advisors is now officially under review, the SEC has announced.
It’s one of nine active applications for an exchange-traded fund for Bitcoin, three of which are now under review (proposals from WisdomTree and VanEck are the other two).
Kryptoin was founded in 2016 with the goal of producing a Bitcoin ETF—something the SEC has yet to approve. It’s run by Jason Toussaint, who was previously involved with gold investments.
The company’s current application is actually an amendment to its first attempt, from 2019; Kryptoin re-filed the paperwork earlier this month.
A Bitcoin ETF is a sort of holy grail for US-based Bitcoin traders, offering exposure to Bitcoin without the burden of directly holding it. It’s not the kind of thing that would attract crypto purists, given that Bitcoin was originally devised to skirt banks and other financial intermediaries. But it’s exactly the kind of thing that might make crypto-cu
Źródło: https://decrypt.co/68949/bitcoin-etf-kryptoin-sec-review
