Securities and Exchange Commission

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What happened to that decision? Cryptocurrency trends in the heat of summer: Binance falls, Tether rises, Bitcoin’s dominance re-strengthens Also read: Cryptocurrency trends in the heat of summer: Binance falls, Tether rises, Bitcoin’s dominance re-strengthens, US court believes U.S. regulators took the form of the ’s review of two exchange-traded products, a spot Bitcoin ETF and a Bitcoin futures ETF. While the U.S.



Securities and Exchange Commission (SEC) has given approval several times Chinese American Phone Number List in the past when it comes to ETF funds based on Bitcoin futures, when it comes to spot ETFs, the Commission has so far rejected all applications, citing concerns about fraud and fraud in the market. Manipulative behavior. basic market. For example, David Hirsch, a representative of the SEC’s crypto division, warned in June that “no adequate regulatory system exists in the Bitcoin spot market comparable to registered exchange trading.



For a decade, the SEC has refused Bitcoin ETF spot application. The first application was submitted in 2013 by the Winklevoss brothers, one of the most persistent applicants. A U.S. market-approved Bitcoin spot ETF would provide many regulated U.S. institutions an opportunity to expose themselves and their clients to Bitcoin volatility without having to risk tax consequences.