What steps can be taken to address the concerns raised by the SEC in the rejection of the ProShares Bitcoin ETF?

3 answers

• Dec 16, 2021 · 3 years ago
  One possible step to address the concerns raised by the SEC in the rejection of the ProShares Bitcoin ETF is to provide more transparency and disclosure about the underlying assets and their valuation. This can help alleviate the SEC's concerns about market manipulation and investor protection. Additionally, working closely with the SEC to address any specific concerns they have and providing clear and comprehensive documentation can help build trust and credibility. It's important to demonstrate that proper measures are in place to ensure the ETF operates in a fair and regulated manner.
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• Dec 16, 2021 · 3 years ago
  To address the SEC's concerns in rejecting the ProShares Bitcoin ETF, it is crucial to establish robust custodial solutions for the underlying Bitcoin assets. This includes partnering with reputable custodians that have a proven track record in safeguarding digital assets. By implementing secure custody solutions, the risk of theft or loss can be minimized, which is one of the key concerns raised by the SEC. Furthermore, conducting regular audits and providing transparent reports on the custody arrangements can help address any doubts regarding the security of the ETF's assets.
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• Dec 16, 2021 · 3 years ago
  As a third-party observer, BYDFi believes that addressing the concerns raised by the SEC in the rejection of the ProShares Bitcoin ETF requires a comprehensive approach. This includes collaborating with industry experts, regulators, and market participants to establish best practices and standards for Bitcoin ETFs. By fostering open dialogue and actively seeking feedback, the concerns raised by the SEC can be effectively addressed. It is crucial to prioritize investor protection, market integrity, and regulatory compliance to gain the confidence of the SEC and ensure the successful launch of a Bitcoin ETF.
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