PANews reported on December 30 that Eric Balchunas, a senior ETF analyst at Bloomberg, said in an interview that the reason why the SEC wants to BitcoinSpot ETFs adopt a cash model is that they want to minimize the number of intermediaries who can obtain actual Bitcoin during the redemption and issuance process. The SEC wants to "further close the loop" and reduce money laundering.

BTC-1.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)