SEC.gov | Statement on the Approval of Spot Bitcoin Exchange-Traded Products
Powered by @unfolded- The Commission has approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares.
- This decision comes after the U.S. Court of Appeals for the District of Columbia vacated a previous disapproval and remanded the matter to the Commission, leading to a change in circumstances.
- The approval includes certain protections for investors, such as full disclosure requirements, listing and trading on registered national securities exchanges, and application of existing rules and standards of conduct.
- The Commission is separately completing the review of registration statements for 10 spot bitcoin ETPs simultaneously, which is intended to create a level playing field for issuers and promote fairness and competition.
https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023