Gurbacs says new compelling arguments have been made, demonstrating how the SEC has, in the past, approved ETFs based on markets less “built out” than Bitcoin.
“Basically analogous markets, so like they’re gold and commodities markets and some of the shipping markets… So we have presented some scenarios were the SEC approved an ETF which had less transparency to the market, where pricing in those markets were not as built out as Bitcoin and the custody of the underlying assets were also not as built out,” he said.
“We added some of those precedents and we have made an effort, last year actually, to publish some of our correspondence with the regulators and meetings that we had to let the market know what we learned.”
Full story: https://micky.com.au/bitcoin-etf-latest-30-hardcore-pages-added-to-proposal/
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