The first round of ETF denial letters by the U.S. Securities and Exchange Commission (SEC) have been submitted to the public for review, and a number of the applications that passed the regulatory muster for other asset classes have been denied for Bitcoin ETFs . The reasons for the rejection vary, but the main contention is that Bitcoin is not a security under SEC regulations. But this is far from the first time that the SEC has rejected a Bitcoin ETF application, and it won’t be the last. Here are some of the reasons why the SEC has denied Bitcoin ETFs in the past:
The idea of trading an asset like bitcoin on a national exchange isn’t likely to get approved any time soon. When you’re talking about an asset like bitcoin that’s only traded on one exchange, and the market is minuscule, then you really need to make sure you go through every single step of the process.
The SEC has been rather silent on Bitcoin ETFs over the past few months. However, there is a new objective for the SEC to regulate: the utility of Bitcoin and other cryptocurrencies. The objective is to regulate Bitcoin, Ethereum, Ripple, and other cryptocurrencies so that the SEC can regulate them.A Web3 developer outlines the main reasons why the SEC will not allow bitcoin ETFs. Earn up to 12% annual returns on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins, etc. Beginning of importance Rand ‘ Bitcoin ‘ US ‘ Analysis More than nine bitcoin ETFs are pending approval in the United States. But why doesn’t the SEC give them the green light? Shaurya Malwa – 28. May 2021 at 2:00 UTC – 2 min read Bitcoin exchange-traded funds (ETFs) are known to be hampered by the U.S. Securities and Exchange Commission (SEC), although several players have done their best to set up their own versions of ETFs. The Need for Bitcoin ETFs Several denials have confused many people. To read the rest of the article, log in or go to Edge.
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As an independent organization in the blockchain industry, we are guided by strict editorial policies that emphasize objectivity and transparency in our reporting.The U.S. Securities & Exchange Commission (SEC) has yet again failed to approve a Bitcoin-based exchange-traded fund (ETF). In the past few years, the SEC has rejected the majority of new Bitcoin ETF applications. The agency has been careful to explain its reasoning for this: the existing ETF structure isn’t legally authorized to allow the investment of funds on behalf of a single virtual asset.. Read more about bitcoin etf canada and let us know what you think.
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