SEC Consults with Companies on Launch of Spot Bitcoin ETF
The SEC is consulting with companies about the conditions for launching a spot Bitcoin ETF. Bloomberg analysts think so. According to their information, the regulator and companies are negotiating how to launch spot Bitcoin ETFs.
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Allegedly, the SEC is asking companies to make a number of amendments to their applications, namely, so that ETFs create exactly cash.
SEC Consults with Companies on Terms for Launching Spot Bitcoin ETF
As you know, broker-dealers currently do not have the ability to trade Bitcoin.
Cash creation therefore makes issuers responsible for cryptocurrency transactions and eliminates the need for broker-dealers to use unregistered subsidiaries or third-party firms to handle Bitcoin.
According to analysts, the dialogue between the regulator and companies is a good sign. But so far all applications have been rejected.
