general

Find out about the deadlines announced by the SEC for issuing its decision on the Bitcoin ETF

Find out about the deadlines announced by the SEC for issuing its decision on the Bitcoin ETF

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Find out about the deadlines announced by the SEC for issuing its decision on the Bitcoin ETF

Once again, the SEC has pushed back the deadlines for four Bitcoin ETFs (an exchange-traded fund that tracks the price of the cryptocurrency Bitcoin) to late 2021.

The postponement includes requests from:

  • Valkyrie XBTO Bitcoin Futures Fund (Date 8 December).
  • “Kryptoin Bitcoin ETF” (Date 24 December).
  • “WisdomTree Bitcoin Trust” (Schedule 11 December).
  • “Global X Bitcoin Trust” (Schedule 21 November).

These four funds are part of at least ten bitcoin ETF applications pending on the SEC’s desk, submitted by several high-profile financial firms.

As we knew it before on the site Arab Bitcoin A Bitcoin ETF is a type of security that is linked to different assets (or baskets of them), whose shares can be listed and traded on traditional exchanges.

Read:This month in 2014: a bitcoin whale dumps 30,000 bitcoins in a single transaction

In the case of ETFs, the underlying assets are cryptocurrencies.

In this way, crypto ETFs allow institutional investors exposure to digital assets without actually buying or holding them.

While the US has held off on ratification, Canada already has four officially approved Bitcoin and Ethereum ETFs and just days ago got its first multi-currency ETF.

SEC Concerns About Bitcoin ETFs:

When it comes to cryptocurrency ETFs, argument The Securities and Exchange Commission (SEC) in the denial and postponement is mainly based on several factors, such as:

  • Lack of transparency in trading information.
  • Market manipulation.
  • liquidity issues.
  • And the fact that Bitcoin is a new type of asset is completely different from anything I’ve endorsed before.

While the SEC is wary of Bitcoin ETFs, SEC Chairman Gary Gessner this week confirmed his interest in Bitcoin futures ETFs, which do not invest directly in Bitcoin.

In an interview prepared for the Financial Times entitled:

The future of asset management in North America.

Gensler noted that earlier this year, a number of open-ended mutual funds that invested in bitcoin futures traded on the Chicago Mercantile Exchange (CME) were launched.

Read:Saudi Arabia warns of “fraudulent” digital currencies claiming to be related to the Kingdom

He noted that the Securities and Exchange Commission had seen a number of bitcoin futures ETFs deposited under the Investment Corporation Act of 1940, which is called “Act 40”.

Gensler commented on it by saying:

When combined with other federal securities laws, the Forty Act provides significant investor protection for mutual funds and ETFs.

I look forward to the staff review of such filings.

Read also:

Some Coinbase users get robbed in phishing attacks…and the platform responds!

Bitcoin jumps 10% at the beginning of October and the total value of the crypto market exceeds 2 trillion dollars


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Singapore gives green light to two cryptocurrency exchanges to offer their services
Next post
Some Coinbase users get robbed in phishing attacks…and the platform responds!