“The Commission’s ‘thumb on the scale’ approach does not withstand scrutiny,” the groups said, calling spot Bitcoin ETPs “ideally suited for investors that desire exposure to Bitcoin. The groups added that the SEC had allowed “similar, riskier products to enter the market,” and that spot ETPs plainly satisfy regulatory requirements for listing on national exchanges,” similar to Bitcoin futures ETPs.
Related posts
-
Latam Insights: Paraguay Unveils Bitcoin Mining Centric Development Strategy, Itau Unibanco Rolls Crypto Trading for All Customers
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during... -
Bitcoin at $1m? MicroStrategy buys more
Today’s edition of the weekly recap: Bernstein predicts Bitcoin (BTC) to hit $1 million in 2033;... -
Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in Review
Former U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the...