The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca and Teucrium’s application for a Bitcoin futures exchange-traded fund (ETF).
SEC, Wednesday, March 6 According to the document published on the official website Teucrium’s Bitcoin futures ETF approved his application. Teucrium Thus, it joined the other Bitcoin futures ETF issuing company.
NYSE Arca and Teucrium Bitcoin futures ETF application 1933 Securities Act was made in scope. Bitcoin futures ETFs that have already been approved and filed by other companies follow a slightly different regulatory path for approval. Investment Company Act 1940 is within the scope.
Experts agree that the SEC’s approval of a Bitcoin futures ETF under the Securities Act of 1933 could pave the way for spot Bitcoin ETF approvals is thinking. Bloomberg analyst James SeyffartIn a post on Twitter earlier this year, he touched on the differences between the Securities Act of 1933 and the Investment Company Act of 1940, An approval under the Securities Act of 1933 could potentially open the door for a spot Bitcoin ETF had said.
Seyffartin a new post from NYSE Arca and Teucrium following approval of Bitcoin futures ETF This confirmation strengthens the possibility of spot Bitcoin ETF approvals. and The rejection of Grayscale’s application to convert GBTC to a spot ETF in July will increase the likelihood of the company suing the SEC. told.
CEO of Grayscale Michael Sonnenshein in the past weeks Bloombergin an interview with If GBTC’s application to convert to a spot ETF is rejected by the SEC, the company may initiate legal action. gave the signals.
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SECuntil today with market manipulation between an ETF issuing company and the exchange on which it will be listed. the lack of a surveillance-sharing agreement rejected all spot Bitcoin ETF applications, citing
Among those approved so far to list and trade Bitcoin futures ETFs in the US ProShares, Valkyrie and VanEck exists.
