Today news
About the same in other media
Congressmen Emmer & Soto to SEC Chair Gensler: We want BTC Spot ETFs
Reading now: 352
Congressmen Todd Emmer and Darren Soto sent a bipartisan letter to Securities & Exchange Commission Chair Gary Gensler on Wednesday, strongly questioning why the agency has denied approval for the creation of a Bitcoin spot ETF while allowing Bitcoin Futures ETFs to begin trading.
In a spot ETF, the fund holds the actual commodity (in this case bitcoin) whereas in a futures ETF fund holds contracts to buy and sell the commodity at a future date at a specified price.
In a press release announcing the letter, Minnesota Republican Emmer said:
Soto, a Democrat from Florida, affirmed in his accompanying statement:
In October, ProShares Bitcoin Strategy ETF enjoyed the highest first day natural volume of any ETF ever. Although the SEC was expected
Read more on cointelegraph.comAbout this in other media
VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto cointelegraph.com /3 years ago
Those ‘hiding behind anonymity of crypto transactions’ will be accountable, SEC warns ambcrypto.com /3 years ago
Elizabeth Warren Calls for SEC to Investigate Trump’s SPAC Deal With DWAC wsj.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
