Sec Receives Comments In Favor Of The Bitcoin Etf Requested By Cboe

in #bitcoin6 years ago

More than 60 comments have been published on the website of the Securities and Exchange Commission (SEC) of the United States, which since June 26 has opened a section that allows the public to comment on a request that the Chicago Board Options Exchange (Cboe Global Markets) made before the agency, in request of a Bitcoin Listed Investment Fund (ETF).

With the vast majority of opinions in favor of approval, commentators take advantage of the SEC section to mention the benefits that investors from that country would obtain with this measure and are interested in the government granting legal status to cryptocurrencies , which they consider to be here to stay and are seen as an important part of the future of finance worldwide.

Some of the people who have expressed their comments have indicated that they are investors that use or have used blockchain technology , and that they are interested in the issue of cryptoactives, which is why they mention some of the obstacles that arise due to the lack of a legal framework for the emerging ecosystem.

In that sense, commentator Kevin Thomas, who identified himself as an investor in cryptocurrencies and related technologies, wrote on July 11 that an ETF, properly regulated and using physically safe stored assets, would provide a safer way to invest. He adds that among the difficulties he has faced is being forced to use less secure and deregulated services , which are not stable. Thus ensures that with the approval of the Bitcoin ETF the government would provide protection to investors.

In this order of ideas, the president of LogicBox, Inc. Jeremy T. Goemaat said that an ETF backed by "real versus future bitcoins" would be healthy for the market and would provide stability. While another commentator, Matt Hanna, spoke about the fact that thousands of Americans are currently investing in Bitcoin, using the centralized and decentralized exchange bureaus available, in which they face risks related to hacking, problems with custody, and even to the loss of private keys and digital wallets. It alleges, therefore, that such risks would be mitigated by being able to invest in ETFs, since they would have a safe investment vehicle.

The possibility of writing comments in favor or against will remain open until next August 10 , when the consultation is closed. To participate people have three methods, having to choose only one of them: fill out a form online, send an email or deliver a letter written on paper. It is explained that all comments will be available for open reading on the website, and no data will be edited, so they advise interested parties to incorporate information that they can share publicly.

This new methodology of the US supervisory body, consisting of consulting the opinion of the public before deciding whether or not to approve the Bitcoin Listed Investment Fund requested by Cboe, has been viewed by the crypto community as an advance and is considered as an indication of disposition. of the institution to authorize the instrument, especially considering that previous requests were rejected.

In addition, the fact that Cboe was the first company to receive approval from the SEC to deal with bitcoin futures also generates optimism. To this is added the fact that it is the first institution that makes this request after this government body declared, on June 14, that Bitcoin and Ehereum are not values .

@Ad1

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