Analyst Reports a Positive Development in Bitcoin Spot ETFs
Reports suggest that the SEC was involved in discussions with crypto exchanges concerning Bitcoin Spot ETF applications. Read more on CE....
- The SEC has been in discussions with crypto exchanges regarding Bitcoin Spot ETF applications.
- The SEC advises exchanges to use cash creates instead of in-kind transactions.
- Analyst Eric Balchunas sees this as a positive development.
- The SEC's advice could help ease restrictions on broker-dealers.
- The SEC has asked exchanges to submit amendments in the coming weeks.
- Balchunas believes cash creates make sense for broker-dealers.
- Only a few filers have shown interest in cash creates.
The sentiment of the article is generally positive, as it highlights a positive development in the SEC's stance on Bitcoin Spot ETF applications.