Spot vs. Futures: Analyzing the SEC’s Dilemma in Bitcoin ETF Approvals
By: Paul Coste The Securities and Exchange Commission (SEC) has been denying applications for spot bitcoin exchange-traded funds (ETFs) since the Winklevoss twins’ first application in 2017, consistently reasoning that the products are not “designed to prevent fraudulent and manipulative acts and practices,” which is required by the Exchange Act. However, the agency does not… Read More Spot vs. Futures: Analyzing the SEC’s Dilemma in Bitcoin ETF Approvals