#nvest

Progress has begun to develop a bitcoin exchange-traded fund (ETF), and it is set to be distributed very soon. New Bitcoin ETF soon to be released by NYSE Arca filing.

The U.S. Securities and Exchange Commission (SEC) disclosed on Feb. 11 that it has started to look into a bitcoin ETF rule change proposals. This is documented by NYSE Arca and Bitwise Asset Management. The proposition itself was registered in the Federal Register on Feb. 15, which means the controller has 45 days to settle its underlying choice on whether to favor, dismiss or broaden the proposition.

A timeframe of 240 days has been given to the SEC at most to make an official conclusion on whether to support or reject the ETF.

Responses can be filed by the general public to the rule change proposition, and they have three weeks in which to present any opinions they would like submitted for consideration.

“The interesting thing about blockchain is that it has made it possible for humanity to reach a consensus about a piece of data without having any authority to dictate it,” - Jaan Tallinn

Jaan Tallinn, the prime supporter of both Skype and the file sharing app Kazaa, He has quite recently gone through year working out how blockchains can “save the world,” offering a new solution to one of man's most basic and stubborn problems. In an interview, Tallinn says that he is “compiling a research paper on ways of using blockchain to create more co-ordination mechanisms,” that can be used to save humanity from possible resource-based problems, “from crime and corruption to deforestation and over-fishing.” For the same reason that so many startups have flocked to blockchain tech to solve coordination and other logistical and data-sharing problems in their industries, Tallinn proposes that the 'industry' of mankind could use blockchain technology to solve the societal problem known as the Tragedy of the Commons.