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
Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects
Chinese cryptocurrency analyst phenomenon Murphy evaluated the latest status of Ethereum in his statement. Here are the details.
Skipped Bitcoin Cash? Qubetics ($TICS) Could Be Your Redemption Ticket – Top Cryptos for Significant Returns
The crypto market has been on fire lately. With the spotlight shifting to new and innovative blockchain projects, everyone’s eyes are on which cryptos will make waves this year.Bitcoin Cash: A Missed Opportunity for Significant ReturnsQubetics: Revolutionizing Digital Finance with Real-World Asset TokenizationConclusion: Time to Act on Qubetics
BTC Short Position by ETH Whale Nears $332M
A crypto whale boosts their BTC short position to $332M, facing losses and potential short squeeze risk.Whale Boosts BTC Short Position Amid Market VolatilityRisk of Liquidation LoomsStrategic Buy Orders Placed
Pakistan Launches Crypto Council Led by Finance Minister
Pakistan forms Crypto Council to boost blockchain and crypto adoption, chaired by Finance Minister Muhammad Aurangzeb.Pakistan Takes a Bold Step Toward Crypto AdoptionFinance Minister to Lead the InitiativeFocus on Innovation and Financial Inclusion
Trending news
MoreCrypto prices
More
