Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), once again brought up exchange-traded funds (ETFs), which are planning to invest in bitcoin (BTC) futures contracts.
The Financial Times on Wednesday Future of Asset Management North America Gensler, who attended the event, said that some mutual funds have started investing in bitcoin futures contracts traded on the CME.
For some bitcoin ETFs that plan to invest in contracts on the CME also Stating that they have started to receive applications, Gensler said that these applications were made in accordance with the Investment Companies Act of 1940 and that the relevant law “provides serious protections” for investors stressed.
SEC Chairman, cryptocurrencies directly between ETFs that plan to invest and those that plan to invest in their futures contracts, in favor of the latter He made a clear distinction in August.
After Gensler gave this message, Invesco and ProShares, VanEck and Valkyrie Investments back-to-back for ETFs to invest in bitcoin futures contracts has applied.
In his speech for yesterday’s event, Gensler said: “I look forward to the team’s evaluation of these applications” expressed.
The Securities and Exchange Commission is prepared to invest in bitcoin and bitcoin futures contracts. over ten ETFs currently under evaluation. So far, none of these have been approved.