Will the SEC approve bitcoin ETFs?

The Security and Exchange Commission (SEC) continues to evaluate whether it will ultimately approve ETFs that own Bitcoin directly. To help you understand this new corner of the ETF universe, Forbes Advisor has profiled all of the Bitcoin ETFs currently available for trading in the United States.

What is the nydig spot bitcoin ETF deadline?

The US Securities and Exchange Commission delayed its decision on the NYDIG spot bitcoin ETF. The deadline was previously January 15 and is now March 15, according to a Tuesday notice. The regulator rejected similar proposals from Valkyrie and Kryptoin just before Christmas.

Are bitcoin ETFs based on futures contracts?

Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”

Is the futures market safe for bitcoin exchange-traded funds?

SEC Chair Gary Gensler is on the record stating that given the novel character of cryptocurrency, relying on the proven and highly regulated futures market is a much safer approach for Bitcoin exchange-traded funds. Futures are an agreement between two parties to sell a particular asset at a future date.