South Korean president’s office urges financial regulator to reconsider spot bitcoin ETF possibility
The presidential office has urged the Financial Services Commission to reconsider the possibility of a local spot bitcoin ETF.
The SEC has delayed making a decision on Fidelity’s proposal for a spot Ethereum ETF until March 5, according to a Thursday filing.
The price of bitcoin declined below $41,000 for the first time since Dec. 3 as spot ETFs finished their fifth day of trading.
Silver has existed since dying stars started spewing the metal out billions of years ago. Bitcoin is 15 – but it’s already a bigger deal in the U.S. ETF market. Bitcoin ETFs had more assets than silver ETFs the instant the U.S. Securities and Exchange Commission approved them last week, and trailed only gold among commodity-focused U.S. ETFs.
Despite sizable net inflows into the new spot ETFs, bitcoin is lower by more than 12% since the products began trading one week ago.
Go to Source Author: Danny Nelson
Regulation should be technology-agnostic, and focus on the activity and the outcome. But with blockchain-based security issuance, that approach could hold back the industry’s progress, says Noelle Acheson.
The toys figured strongly in arguments over securities law, but will the case answer fundamental questions about crypto’s future.
The presidential candidate declared fevered opposition to a digital dollar on Wednesday night, even though there are no official plans for one in the U.S. Why?
Lawmakers in the U.S. need to take action before the next crisis to develop standards to regulate crypto, a U.S. Treasury official warned.
