Logo
Cardano Ecosystem

ATZ Crypto

10/20/2021

·

489 views


SEC Poised To Allow BTC Futures ETF Trades Soon

SEC Poised To Allow BTC Futures ETF Trades SoonATZCrypto - Latest Bitcoin, Ethereum, Crypto News & Price Analysis Per a Bloomberg report, SEC will allow trading first BTC futures exchange-traded fund (ETF) in the U.S. The SEC assures investors...

SEC Poised To Allow BTC Futures ETF Trades Soon

By

Oct 18, 2021

Gold Vs. BTC, Which One is a Better Investment [atzcrypto.com]

Per a Bloomberg report, SEC will allow trading first BTC futures exchange-traded fund (ETF) in the U.S. The SEC assures investors that this ETF project might start trading next week. However, the regulatory entity had also posted a tweet via their investor education account to warn people about crypto trading risks.

U.S. Top Regulator’s Stance on BTC Futures ETF

The SEC will not block these ETF tokens from trading starting next week. The regulators also cited people familiar with the crypto trading process during their reports. The SEC chairman, Gary Gensler, also added that their ‘endorsed’ crypto project is secure from manipulation. This report comes after the value of BTC hit over 60,000$ and might soon achieve a new ATH.

Gary Gensler also noted that the current proposals from Proshares and Invesco make BTC future ETF subject to regulation. He went ahead to clarify the future ETFs as contracts based and filed under mutual fund rules. Gensler also added that these rules usually provide significant investor protections in the U.S.

As a fact, the SEC has repeatedly shown interest in regulating cryptos. This interest exists since they see cryptos as ‘harmful’ to the economy of the U.S. Therefore, their previous tweet encouraging people to consider crypto risks before trading is not much different.

SEC Poised To Review Other BTC ETFs

The SEC chair, Gary Gensler, has recently shown interest in reviewing the applications for BTC ETFs. Gensler has tied these ETFs to futures bound by the Investment Companies Act of 1940. However, he is yet to clarify if these ETFs also fall under the Securities Act of 1940. Meanwhile, the SEC has already pushed back the deadlines of four BTC spot ETF applications to the final two months of 2021.

Elsewhere, the push for unanimous worldwide crypto regulation is still ongoing. As a result, the G7 central bankers have a similar plan in the works. These bankers are busy crafting the most appropriate way to regulate CBDCs. Their main target is to come up with common standards for issuing and using CBDCs.

According to Reuters, the group of seven(G7) most advanced economies said that digital economies should be harmless. Therefore, this statement explains why the group feels that there is a need to regulate cryptos globally. The G7 central banks are also leading in the development of CBDCs since they believe that cryptos are ushering in a new future. Such insight from the central bankers of the largest economies will have long-lasting effects on the crypto market.

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on ATZ Crypto

ORIGINAL SOURCE

https://atzcrypto.com/sec-poised-to-allo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


NotifyLog - One stop tool for events tracking and analytics

More from ATZ Crypto

See more
Edward Snowden Offers to Lead Twitter in Exchange for a BTC Salary - ATZCrypto
ATZ Crypto
Edward Snowden Offers to Lead Twitter in Exchange for a BTC Salary - ATZCrypto

12/19/2022

·

163 views

Related News

See more
WingRiders Governance Token

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
NotifyLog - One stop tool for events tracking and analyticsWorld’s First Multi-Token ISPO — By Genius X