Grayscale appeals for community support with SEC spot Bitcoin ETF application - BitcoinEthereumNews.com
Grayscale is calling for help as it attempts to get SEC approval for a spot Bitcoin ETF. Last October, the New York-based asset managers anounced it had filed to बदलना its existing Grayscale Bitcoin Trust (GBTC) to a spot ETF. This filing came hot off the heels of the SECs approval of the ProShares Bitcoin Futures ETF. Commenting on this, the Global Head of ETFs at Grayscale, Dave LaValle, reasoned that if the SEC is at ease overseeing a BTC futures product, they should also be comfortable with an equivalent spot-based product. ग्रेस्केल में, हम मानते हैं कि यदि नियामक ईटीएफ के साथ सहज हैं जो किसी दिए गए परिसंपत्ति का वायदा रखते हैं, तो उन्हें ईटीएफ के साथ भी सहज होना चाहिए जो उसी संपत्ति के हाजिर मूल्य के जोखिम की पेशकश करते हैं। The difference between spot and futures comes down to the underlying asset. Real Bitcoin backs a spot-based ETF. In contrast, the futures-based ETF is backed by a derivative in Bitcoin futures contracts. The price of Bitcoin futures contracts can differ from the current market price based on investors sentiment. This carries the risk of inaccurate pricing, whereas no such risk exists with a spot-based product. As such, its arguable that a