RATE Group | The SEC Is Weighing a Bitcoin Futures ETF – Here’s What That Means
39519
wp-singular,post-template-default,single,single-post,postid-39519,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

The SEC Is Weighing a Bitcoin Futures ETF – Here’s What That Means

21 Aug The SEC Is Weighing a Bitcoin Futures ETF – Here’s What That Means

Posted at 13:25h in Bitcoin News by

[ad_1]

The U.S. Securities and Exchange Commission (SEC) will decide on two proposed bitcoin exchange-traded funds (ETFs) this week – but what are they weighing exactly?

ProShares, the tenth largest provider of ETFs according to CNBC, has two proposals in the running, both based upon bitcoin futures contracts approved by the Commodity Futures Trading Commission in 2017.

What’s more, this impending decision comes at the heels of a more recent ruling by the SEC to delay (until September, if not longer) their determination on a physical-backed bitcoin ETF put forth by VanEck and SolidX.

The distinction between the two, a physical and futures-backed ETF, is worth unpacking to understand the ProShares proposal –  aside from whether bitcoin ETFs should or shouldn’t be approved in the U.S. – centers on which among the two actually has a better shot at SEC approval.

What’s a bitcoin ETF?

To recap, all ETFs trade like stocks, on stock exchanges, but without the same degree of risk.

Due…

[ad_2]

Source link

Tags:
, , , , , ,