SECs Case Against A Spot Bitcoin ETF Has Weakened- Grayscale CEO - BitcoinEthereumNews.com
Bitcoinस्पॉट बिटकॉइन ईटीएफ के खिलाफ एसईसी का मामला कमजोर हुआ- ग्रेस्केल सीईओ04 / 07 / 2022बिटकॉइन एथेरियम समाचार Grayscale CEO Michael Sonenshein said the SEC‘s argument against an exchange-traded fund (ETF) that directly tracks Bitcoin has significantly weakened. He cited the regulator’s recent approval of a Bitcoin futures ETF as a key factor behind his reasoning. The U.S. Securities and Exchange Commission on Wednesday allowed fund managers NYSE Arca and Teucrium to issue an ETF tracking Bitcoin futures, the fourth such approval. Grayscale, VanEck, and Valkyrie are the other three operators of their own ETFs. But the regulator has repeatedly shot down proposals for a spot Bitcoin ETF, citing concerns over investor protection and uncertainty over the classification of crypto. SECs case against a spot ETF weakens की एक श्रृंखला में tweets, Sonenshein noted a contradiction in the SECs recent approval of the Teucrim ETF, which weakens its argument against a spot ETF. The regulator has repeatedly cited investor protection mandates from a 1940 law to reject applications for a spot ETF. But the Teucrim ETF is registered under a different bill- one from 1933. This indicates that the SECs citation of the 1940 act may hold less water. Sonenshein said Grayscale will pursue this line