Bitcoin spot ETF approval by the SEC is inevitable - BitcoinEthereumNews.com
Although financial authorities and watchdogs seem to have taken a harsh stance toward cryptocurrencies, there are those in the industry who believe that the approval of a spot Bitcoin exchange-traded fund (ईटीएफ) by the Securities and Exchange Commission (एसईसी) is only a matter of time. One of them is the Chief Executive Officer of ग्रेस्केल निवेश, Michael Sonenshein who expressed his optimism about the future in an interview with CNBC‘s ’ETF Edge प्रकाशित अप्रैल 17 पर। The reason for his optimism was the SEC‘s अनुमोदन of an application for the Teucrium Bitcoin Futures ETF in early April. In it, the fund was filed under the Securities Act of 1933 and not the Investment Company Act of 1940 used by other futures Bitcoin funds, including Grayscale’s. As he explained: “From the SEC standpoint, there were several protections that 40 Act products have that 33 products don‘t have, but never ever did those protections address the SEC’s concern over the underlying Bitcoin market and the potential for fraud or manipulation.” क्षितिज पर आशा? According to Sonenshein, “the fact that theyve now evolved their thinking and approved a 33 Act product with Teucrium really invalidates that argument and talks to the linkage between the Bitcoin futures and the underlying