The Commission on securities and exchange Commission (SEC) may soon approve exchange traded funds (ETFs) tied to bitcoin, if their founders proves the required standards of the regulator. This is evidenced by the details of the upcoming interview with one of the four SEC commissioners, Robert Jackson.
#SEC Commissioner Jackson in an interview to be published next weeks is optimistic that a “fund based on #bitcoin” will eventually be approved, expresses concern about the proposed ETFs submitted to date. pic.twitter.com/3BCuiBd4CB
— Drew Hinkes (@propelforward) February 5, 2019
In conversation with a political publication, Congressional Quarterly, Jackson noted that the application for a bitcoin ETF from VanEck, and SolidX is one of the most promising, in contrast to applications of crypto currency exchange Gemini.
“The case of the trust Winklevosses that we had to consider last year, was not difficult. Formed the situation in which the risk of manipulation and the potential damage to investors was huge. Liquidity problems were very serious,” he said.
Jackson did not say which of the proposals will be adopted by the SEC, although he stressed that companies have become more serious approach to the risks and compliance with regulators.
We will remind, earlier CEO Binance, Chanpen Zhao said that does not relate to the ETF “the key factor in the growth of the industry.”
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