BitMEX says it’s concerned about the impact on ETFs of the SEC’s rules, which insist that authorized participants (APs) must maintain in-cash creations and redemptions instead of traditional in-kind redemptions.
Influential figures in finance and crypto are expressing concern on X (formerly Twitter) about the SEC’s potential effect on crypto exchange-traded funds (ETFs).
U.S. financial lawyer Scott Johnsson, venture capitalist Nic Carter, and BitMEX Exchange highlighted the possible consequences of SEC rules on in-kind creation/redemption for digital assets.
The excitement surrounding the approval of the Bitcoin Spot ETF has boosted market confidence, leading global investors to anticipate a substantial influx into the crypto market after approval. Many experts predict that the SEC could approve a Bitcoin Spot ETF as early as January.
