Congressional Letter to SEC on Bitcoin ETFs | Crypto Craft

  • Congressional Letter to SEC on Bitcoin ETFs

    From emmer.house.gov Story is in PDF Format

    Last month, the Securities and Exchange Commission (SEC) allowed trading to commence for two Bitcoin futures exchange-traded funds (ETF) that provide exposure to CME-traded Bitcoin futures. While this is a step forward for millions of Americans who are demanding access to simple ways to invest in Bitcoin, these products are potentially much more volatile than a Bitcoin spot ETF and may impose substantially higher fees on investors due the premium at which Bitcoin futures typically trade, as well as the cost of rolling futures contracts each month. We question why, if you are comfortable allowing trading in an ETF ... (full story)

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BTCmailman
Nov 3, 2021 2:47pm
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Considering the SEC’s clear articulation of how the concerns over fraud and manipulation in the Bitcoin markets can be addressed, we do not understand the SEC’s views around the perceived material difference in risk profiles, since both the futures and spot Bitcoin markets are inherently intertwined and bear the same risks regarding fraud and manipulation.

love to see it! Do it Gary!!!

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