Cryptocurrency

SEC could approve spot Bitcoin ETFs as early as 2023 — Bloomberg analysts By Cointelegraph


© Reuters.

Eric Balchunas and James Seyffart, exchange-traded fund (EFT) analysts for Bloomberg, mentioned {that a} proposed rule change with the USA Securities and Alternate Fee (SEC) could be the catalyst for the regulatory physique approving a spot ETF in mid-2023.

In a Thursday tweet, Balchunas mentioned crypto platforms could fall below the SEC’s regulatory framework if the fee have been to approve the modification to alter the definition of “change” proposed in January. The rule change would amend the Alternate Act to incorporate platforms “that make accessible for buying and selling any sort of safety” — seemingly together with cryptocurrencies, making their funding autos extra palatable for the regulator.

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