A pair of Bitcoin (BTC) exchange-traded fund (ETF) functions submitted by Constancy Investments and SkyBridge Capital are below official overview by the US Securities and Trade Fee, reigniting a long-standing debate about whether or not regulators will lastly approve America’s first crypto-focused ETF.

The SEC’s formal overview of Constancy Investments’ utility was documented in a Tuesday submitting that appeared on the regulator’s web site. The formal overview of the SkyBridge utility was outlined in a Could 21 submitting.

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Each ETF functions have been submitted in March. As Cointelegraph reported on the time, Anthony Scaramucci’s SkyBridge Capital partnered with funding adviser First Belief Advisors to develop a product that seeks to list shares on the NYSE Arca.

The Constancy utility describes an ETF product that tracks Bitcoin’s each day value actions utilizing a proprietary index derived from several price feeds.

U.S. securities regulators now have six ETF functions on the docket for overview. A choice on the VanEck utility is expected subsequent month.

The SEC has but to approve a single Bitcoin ETF, citing considerations over value manipulation and volatility. Proponents of a Bitcoin ETF imagine that this time will probably be totally different given the rising maturity of the asset class. It’s believed {that a} Bitcoin ETF would offer simpler institutional entry factors to the digital asset market, which could possibly be a boon for value and adoption.

North of the border, Canadian lawmakers have approved multiple Bitcoin ETFs. The Objective Bitcoin ETF, which trades below the ticker image BTCC, accumulated $1 billion in belongings below administration lower than two months after launching.