Last UpdatedValkyrie’s XBTO Bitcoin Futures Fund is the latest ETF to have secured approval from the SEC.
The US Securities and Exchange Commission has approved yet another proposal for a futures Bitcoin ETF., Valkyrie’s XBTO Bitcoin Futures Fund is the latest such product to have secured approval from the SEC. Valkyrie XBTO Bitcoin Futures Fund was first filed in August 2021, and its approval follows that of Teucrium. However, the launch date has not been disclosed yet.
Unlike its Canadian, European, and Latin American counterparts, the US regulatory watchdog has refrained from approving any physically-backed ETF, citing that the Bitcoin market lacks surveillance and may be subject to manipulation.that the approval of Teucrium, whose filing falls under the Securities Act of 1933, may potentially pave the way for a much-anticipated spot bitcoin ETF.
“It is tough to put a timeframe on it. We will continue to advocate on behalf of our investors until that approval comes through. In the five-six years that we have been dealing with the SEC and regulators more generally, a lot has changed. Let’s remember that, they have a tough job. It is tough as a regulator to develop really good regulations when the industry and the asset class underneath it, continues to change.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »
Source: Forbes - 🏆 394. / 53 Read more »