- In a letter to two U.S. trade groups, the SEC hinted it would hold off on approving crypto ETFs until all its outstanding concerns were addressed.
- "Would funds have the information necessary to adequately value cryptocurrencies or cryptocurrency-related products, given their volatility, the fragmentation and general lack of regulation."
- The letter also mentions concerns like illiquidity, custody, arbitrage and manipulation.
- Bitcoin +3.6% to $11,655.
- Related tickers: OTCQX:GBTC, COIN, RIOT, SSC-OLD, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:UBIA, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, OTC:CRCW, COINB, OTCPK:LFIN.
SEC comments on crypto ETF plans
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Symbol | Last Price | % Chg |
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GBTC | - | - |
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