SEC Meets with Top Bitcoin ETF Applicant BlackRock, Here’s Why
Nasdaq was also in attendance to discuss rule changes that BlackRock must consider before listing a Bitcoin ETF.
Nasdaq was also in attendance to discuss rule changes that BlackRock must consider before listing a Bitcoin ETF.
According to Grayscale, the only way to eliminate SEC’s unequal treatment of BTC ETPs is “to allow proposed spot bitcoin ETPs like Grayscale’s to begin trading”.
At the Digital Asset Investment Forum held in Washington D.C., a commissioner of the United States Securities and Exchange Commission (SEC), Hester Peirce said it’s better not to hold our breath waiting for a Bitcoin exchange-traded fund (ETF).
Speaking at the Consensus: Invest conference, Clayton said that exchanges need to employ better surveillance tools to prevent market manipulation on its platform.
Pending the regulatory approval from CFTC, the physically-settled Bitcoin futures on Bakkt is expected to go live on 12th of December.
The U.S. SEC is set to approve or deny the two ProShares Bitcoin ETFs filed in 2017 on 23 August. If approved, the ETF’s performance would be tracked on popular exchanges like the Cboe and CME.
Brian Kelly says that the market is still not ready for Bitcoin ETFs and that he doesn’t see that coming until the end of 2018.
The U.S. SEC will be analyzing ETFs from SolidX, VanEck, ProShares, and others within the next two months. If get approved, institutional investors can enter the market and facilitate the growth of the most important cryptos prices.
The wealth managing firm believes that SEC will take all its time it can, instead of falling for the market euphoria, and extend the decision till March 2019.
Here is a look at the latest developments and expert opinions on Bitcoin, the cryptocurrency market regulations and the arrival of Bitcoin ETF.