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– Advertisement – Prominent figures in the crypto space express concerns about the impact of the SEC on crypto exchange-traded funds (ETFs). Many market experts like Scott Johnsson and Nic Carter voice their concerns about the future Bitcoin Spot ETF, considering the SEC’s strict stance. BitMEX explains the crucial role of Authorized Participants (APs) in providing efficiency to crypto ETFs through in-kind creation and redemptions. While the crypto community eagerly awaits spot Bitcoin ETFs, some notable figures have expressed their concerns about the SEC. SEC Concerns in the Crypto World In recent statements made on the X platform, prominent figures in finance and the crypto industry express concerns about the SEC’s impact on crypto exchange-traded funds (ETFs). Specifically, U.S. financial lawyer Scott Johnsson, venture capitalist Nic Carter, and BitMEX exchange shed light on the potential consequences of the SEC’s regulations on in-kind creation/redemption for digital assets. The recent hype surrounding the approval of the Bitcoin Spot ETF has increased market participants’ confidence, expecting significant entry into the crypto market post-approval by global investors. Meanwhile, many market observers and experts expect the SEC to potentially approve the Bitcoin Spot ETF as early as January. However, market experts like Scott Johnsson and Nic Carter have voiced concerns about the future Bitcoin Spot ETF, taking into account the SEC’s strict stance. Renowned financial lawyer Scott Johnsson highlights a critical issue around the SEC’s reluctance to approve changes allowing in-kind creation or redemption for digital assets. He points out the SEC’s skepticism about compliance and suggests that this regulatory approach might lead to less investor protection despite its mandate. He notes that this regulatory stance introduces a new but potentially less secure product, bringing new risks for investors. Additionally, venture capitalist and leading figure in the crypto world, Nic Carter, echoed the same sentiment.…

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Filed under: News - @ December 27, 2023 4:12 pm