The U.S. SEC Wants Your Opinion on Bitcoin ETFs
– The SEC is seeking public opinion on a proposed rule change that would allow the listing and trading of ARK Invest’s Bitcoin ETF.
– Interested individuals are invited to submit their written data, views, and arguments on the matter.
– The deadline for submissions is September 2nd, and rebuttals must be filed by September 15th.
– ARK Invest CEO Cathie Wood believes the SEC will delay the approval deadline and that multiple Bitcoin ETFs will be approved simultaneously.
– Bitcoin’s current trading price is $29,378.
Hot Take
The SEC’s decision to solicit public opinion on Bitcoin ETFs demonstrates a growing recognition of the cryptocurrency’s importance. By inviting input from crypto enthusiasts, the regulatory agency is acknowledging the power of decentralization and the potential benefits of ETFs. While there may be delays in approval, the fact that multiple ETFs could be greenlit simultaneously is an exciting prospect for the crypto community. This move by the SEC could mark a significant step forward in the mainstream adoption of Bitcoin.
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