SEC Seeks Public Consultation for Bitcoin ETFs, Metaverse ETF Price Battle Emerges - BitcoinEthereumNews.com
BitcoinSEC Seeks Public Consultation for Bitcoin ETFs, Metaverse ETF Price Battle Emerges02 / 07 / 2022बिटकॉइन एथेरियम समाचार Although the U.S. SEC has been rejecting Bitcoin ETFs ON and OFF, the possibilities arent ending yet! The securities regulator is now reaching out to the public seeking advice on whether the exchange-traded funds linked directly to the price of Bitcoin i.e. spot Bitcoin ETFs, could be a vehicle of fraud. Last Friday, the SEC was seeking public comments on the Grayscale product GBTC for turning it into a spot Bitcoin ETF. Previously, the SEC did the same for the Bitcoin Bitcoin ETF application. The notice has requested public feedback on whether the proposed ETF will be susceptible to fraud and manipulation. However, it doesnt give any surety about the SEC approving a Bitcoin ETF anytime soon. Over the last three months, the SEC has turned down major applications of Bitcoin ETFs from SkyBridge, VanEck, and WisdomTree. Launched in 2013, the Grayscale Bitcoin Trust (GBTC) now manages $27 billion in assets under management. GBTC allowed institutional players to seek exposure to Bitcoin in a regulated environment. Being early in the game, GBTC was already trading at a premium to the Bitcoin price. However, with a bund