11 sats \ 2 replies \ @cozy 15 Oct 2021 \ parent \ on: SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms bitcoin
So, from what I understand, what happens is you apply for an ETF and give dates when it's going to start trading. Then, if you DON'T get a "stop doing that" notice from the SEC, then it's OK to trade on the day you said you were going to. So it's not an "approval," as much as a "not disapproved" thing.
write
preview
1 sat \ 0 replies \ @gmd 16 Oct 2021
ahhh interesting. It seemed like months ago all I heard about were the spot price BTC ETF applications... perhaps the futures ETF was proposed ahead of those. It seems like if this were actually about consumer protection a spot price ETF is a whole lot safer and easier to understand...
reply
1 sat \ 0 replies \ @cozy 15 Oct 2021
In other words, my guess is that one of the first ETFs that got proposed that isn't being told to stop is a futures one?
reply