What are the requirements for a Bitcoin ETF to be approved by the SEC in November 2018?

1 answers

• Dec 27, 2021 · 3 years ago
  To be approved by the SEC in November 2018, a Bitcoin ETF had to meet certain requirements. The SEC was focused on ensuring investor protection and market integrity. They wanted to see evidence that the ETF would be subject to comprehensive regulatory oversight and that it would have proper safeguards in place to prevent fraud and manipulation. The ETF also needed to have a well-established and regulated custodian for the Bitcoin holdings. In addition, the SEC required the ETF to have sufficient liquidity and to operate in a fair and efficient manner. The SEC's goal was to ensure that the Bitcoin ETF would provide investors with the same level of protection as traditional financial products.
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