Could you elaborate on the regulatory status of
Bitcoin Exchange-Traded Funds (ETFs) that are based on futures contracts? Are there specific regulatory bodies overseeing their operations? What measures have been implemented to ensure market integrity and investor protection? Additionally, how do these regulations compare to the oversight of traditional ETFs? Understanding the regulatory framework surrounding Bitcoin futures-based ETFs is crucial for investors to make informed decisions.
6
answers
Martino
Fri Jul 19 2024
Despite initial rejection, the SEC eventually approved bitcoin ETFs based on futures products in 2021.
Giulia
Thu Jul 18 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot, futures, and wallet solutions.
CherryBlossomDance
Thu Jul 18 2024
Prior to this approval, numerous spot-based bitcoin ETF applications had been denied due to the unregulated nature of bitcoin.
CryptoPioneer
Thu Jul 18 2024
The unregulated status of bitcoin poses significant risks for investors, as there are no guarantees or oversight mechanisms to protect their interests.
MountFujiView
Thu Jul 18 2024
This lack of regulation has been a major concern for regulators and investors alike, leading to the rejection of numerous spot-based bitcoin ETFs.