“The SEC is now not only comfortable with futures-based ETFs regulated under the 40 Act and all the investment protections there, but also futures-based ETFs regulated under the 34 and the 33 Act, the same act that these spot-based ETFs will be regulated under,” said Craig Salm, chief legal officer for Grayscale Investments, which is trying to get its Bitcoin Trust (GBTC) converted into a spot bitcoin ETF. Digital Currency Group, Grayscale’s parent company, also owns CoinDesk.
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April 20, 2022 at 07:00PM
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Optimism for US Spot Bitcoin ETF Grows With Approval of Teucrium Futures Fund - CoinDesk
"spot" - Google News
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