SEC’s Stance on Spot Bitcoin ETFs Likely to Shift, Bernstein Analysts Suggest

In a research report released today, Bernstein, an asset management company, asserts that the United States Securities and Exchange Commission’s (SEC) continued resistance to spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) is becoming increasingly strained, suggesting that the U.S. regulator may now have a high probability of greenlighting a spot Bitcoin ETF. SEC’s View on Spot Bitcoin ETFs In their research report published today, Bernstein analysts drew attention to the fact that the SEC has already permitted Bitcoin ETFs based on futures, and recently gave the green light to futures-based ETFs due to futures pricing coming from a regulated exchange such as CME. The team of analysts, led by Gautam Chhugani, believes that the SEC is skeptical about the reliability of a spot Bitcoin ETF, which is primarily based on the fact that spot cryptocurrency exchanges, such as Coinbase, are not under their own regulation, accessible spot prices are not trustworthy, […] The post SEC’s Stance on Spot Bitcoin ETFs Likely to Shift, Bernstein Analysts Suggest appeared first on COINTURK NEWS.