United States:
BITO ETF Doesn't Necessarily Pave Early Path For Spot ETFs Or ETFs On Other Crypto Futures
29 October 2021
Katten Muchin Rosenman LLP
To print this article, all you need is to be registered or login on Mondaq.com.
ETFs on bitcoin futures are now acceptable to the SEC. However,
the next development may take some time. SEC Chairman Gensler is
seemingly not so receptive to ETFs on spot bitcoin because SEC
staff appears to believe the exchanges listing them are not
sufficiently regulated themselves and don't have significant
size. I also don't expect to see ETFs based on futures of other
cryptocurrencies following Bitcoin's lead either until the SEC
and CFTC decide which agency should maintain jurisdiction over
other cryptocurrencies, like ether.
Check out the full video on Reuters.
https://www.reuters.com/video/watch/idRCV00AD5Q
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Technology from United States
AI In Retail And Consumer Products: Managing The Risks
Arnold & Porter
Artificial intelligence brings new opportunities and efficiencies to how companies conduct business, often working behind the scenes to transform day-to-day operations and how we live our daily lives.
Robot Rights: Can AI Achieve Personhood? (Video)
Gamma Law
As AI systems become increasingly sophisticated and exhibit cognition and creativity, a critical question arises: How should generative platforms be categorized from a legal standpoint?