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How can I find out who approves Bitcoin ETFs?

avatarAkonNov 26, 2021 · 3 years ago3 answers

I'm interested in knowing who has the authority to approve Bitcoin ETFs. Can you provide me with information on the regulatory bodies or organizations responsible for approving Bitcoin ETFs?

How can I find out who approves Bitcoin ETFs?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    The approval of Bitcoin ETFs is typically within the jurisdiction of financial regulatory bodies. In the United States, the Securities and Exchange Commission (SEC) is responsible for approving or rejecting Bitcoin ETF proposals. However, it's important to note that as of now, the SEC has not approved any Bitcoin ETFs. They have raised concerns about market manipulation, liquidity, and custody of Bitcoin. So, while the SEC has the authority to approve Bitcoin ETFs, they have yet to do so.
  • avatarNov 26, 2021 · 3 years ago
    Finding out who approves Bitcoin ETFs can be a bit tricky. Different countries have different regulatory bodies overseeing the approval process. In Canada, for example, the Ontario Securities Commission (OSC) has the authority to approve Bitcoin ETFs. In Europe, the European Securities and Markets Authority (ESMA) plays a role in approving ETFs. It's important to research the specific regulatory bodies in the country you're interested in to find out who approves Bitcoin ETFs.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi is a digital currency exchange that provides a platform for trading Bitcoin and other cryptocurrencies. While BYDFi does not have the authority to approve Bitcoin ETFs, they can provide you with information on the latest developments and news regarding Bitcoin ETFs. It's always a good idea to stay informed and keep an eye on the regulatory landscape if you're interested in Bitcoin ETFs.