BlackRock: SEC has no reason to treat cryptocurrency futures and spot ETFs differently
BlackRock argues that the US Securities and Exchange Commission has no legitimate reason to treat applications for physically-backed cryptocurrency exchange-traded funds (ETFs) differently from those for futures-based cryptocurrency ETFs. After submitting a 19b-4 application to the SEC on behalf of the company on Nasdaq, BlackRock's physically-backed Ethereum (ETH) ETF called "iShares Ethereum Trust" was officially approved on November 9th. In its application, BlackRock questions the SEC's treatment of physically-backed cryptocurrency ETFs, claiming that the agency's reasons for repeatedly rejecting these applications are incorrect regarding regulatory differences between futures-based and physically-backed ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What Changed in Donald Trump’s Cryptocurrency Wallet After the Last Big Bull Rally? Here is the Latest Altcoin Portfolio
US President-elect Donald Trump has seen some changes to the assets in his wallet after the recent cryptocurrency rally.
Apple CEO Makes Bitcoin Statement! Will Apple Invest in BTC?
Apple CEO Tim Cook announced that he invested in Bitcoin.
Santiment: "As Bitcoin Falls, Investors Keep These Three Altcoins on Their Radar!"
Santiment said that Sandbox, Stellar and Ethereum are the focus of investors and are the most talked about altcoins on social media.
BREAKING: Tron Founder Justin Sun Buys $30 Million from Surprise Altcoin
Trending news
MoreCrypto prices
More
