By: Eliza Bennet
The approval of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has long been expected by the crypto world. However, there are numerous challenges that could delay or obstruct this approval. The SEC demands for a distinct separation between the roles of exchange and custody based on existing operational structures in other financial markets. This has resulted complicating several ETF applications so far.
Despite a 45% surge in Bitcoin value following BlackRock's ETF application and subsequent industry anticipation, the possibility of ETF approval remains unpredictable. The crypto market's optimism is counterweighted by the potential for more rejections. This article broadly discusses the complications surrounding the approval of Bitcoin ETFs, making it a must-read for those interested in crypto investments.(source)
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