WisdomTree exec says data sharing agreements are a “key part” of Bitcoin ETF applications

2023-6-27 03:45

Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, commented on cryptocurrency spot exchange-traded funds (ETFs) on June 26.

Surveillance agreements could make SEC “comfortable”

During a CNBC interview, Schwartz said:

“One of the things that recent [spot Bitcoin ETF] filings have in common … is that they are trying to have data sharing surveillance agreements between exchanges to help make the SEC comfortable with [the question of] price manipulation.”

The U.S. Securities and Exchange Commission (SEC) has rejected all spot cryptocurrency ETFs to date. However, the agency approved crypto futures ETFs starting in late 2021 beginning with ProShares’ offering, which went live on Oct. 19 that year.

Schwartz noted the SEC began to approve futures ETFs in spite of the fact the futures market is based on spot prices. He suggested that the agency approved those ETFs in part because the futures market shares information with the SEC.

He went on to say that data sharing surveillance agreements “could be one of the key points” that the SEC considers in approving spot Bitcoin ETF applications.

WisdomTree has submitted an ETF application

WisdomTree submitted a new application for a spot Bitcoin ETF on June 20. It submitted that filing alongside similar applications from other firms including Bitwise, Valkyrie Investments, Invesco — and BlackRock, which set off the trend.

Schwartz reiterated that WisdomTree’s application turns on whether it can work with the SEC to make it “comfortable” with the proposed price surveillance.

When asked about broader concerns around fraud and lack of regulation, Schwartz noted that the SEC chair Gary Gensler wants “more official regulation.” He noted that Gensler and his agency have taken action against cryptocurrencies they consider securities, but that they have treated Bitcoin as a commodity rather than a security.

He further suggested that data sharing surveillance agreements could help the SEC overcome each of its concerns one at a time.

The post WisdomTree exec says data sharing agreements are a “key part” of Bitcoin ETF applications appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Streamr DATAcoin (DATA) íà Currencies.ru

$ 0.053954 (-0.11%)
Îáúåì 24H $3.835m
Èçìåíåèÿ 24h: 1.33 %, 7d: -4.81 %
Cåãîäíÿ L: $0 - H: $0.055784
Êàïèòàëèçàöèÿ $55.621m Rank 574
Öåíà â ÷àñ íîâîñòè $ 0.0236871 (127.78%)

agreements bitcoin wisdomtree etf sharing data says

Èñòî÷íèê: cryptoslate.com

agreements bitcoin → Ðåçóëüòàòîâ: 49


MicroStrategy says it could sell Bitcoin to pay long-term debt obligations

MicroStrategy hinted that it could sell some of its Bitcoin (BTC) holdings to fund its long-term debt obligations in the aggregate of $2. 208 billion, whose principal is due by 2025. According to its May 1 filing, MicroStrategy has long-term cash requirements for obligations related to its operating leases, transition tax, and various purchase agreements.

2023-5-2 15:30


Ôîòî:

Microstrategy Will Now Pay Board of Directors in Bitcoin as Treasury Grows to Nearly 100K BTC

Nasdaq-listed Microstrategy, which has amassed nearly 100K bitcoins in its treasury, has modified its compensation agreements for the board of directors. The company will now pay non-employee directors in bitcoin, citing its commitment to the cryptocurrency “given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered […]

2021-4-12 17:15


Ôîòî:

Pavel Durov Warns Telegram Backers of Financial Reprecussions if Launch Not Delayed

Telegram Founder and CEO Pavel Durov has warned investors that refusing to delay the launch to April 30, 2020, will result in investors receiving only 77 percent of their funds back. If investors insist on getting their money released by the initial October 31 deadline, the token purchase agreements are effectively terminated, and only $1.

2019-10-18 15:00


Ôîòî:

Initial Backers of Facebook’s Libra Consortium Second Guessing Decision to Join

Visa, PayPal, Mastercard, and Stripe, all of whom signed non-binding agreements to be a part of the Libra consortium, are now unsure of whether they want to go ahead with Libra. According to Bloomberg sources, the companies are being asked to confirm their intent by October 14, when the charter signing is scheduled to takeRead MoreRead More.

2019-10-3 19:00


Ôîòî:

An Overview of EOS Smart Contract Development

In the blockchain and development ecosystem there remains one large debate around which project can deliver the most efficient and subsequently effective development framework for smart contracts. Smart contracts, otherwise known as virtualized agreements between multiple parties, are the backbone of decentralized applications (dApps) essentially serving as the bridge that connects the static world to blockchain technology.

2019-1-16 10:00


Ôîòî:

KeySafeBank Partners With PAL Network and NEM Singapore on Institutional-Grade Custodian Digital Assets Vault

KeySafeBank announced that it has signed two MoU agreements with PAL Network and NEM Singapore at the Singapore Fintech Festival last week. The two partners will collaborate with them on their newest digital assets vault service which seeks to offer secured third-party institutional-grade custodian services to the users.

2018-11-26 19:59


Ôîòî:

Circulor Partners with Rwanda To Trace Tantalum Mined in the Country

Circulor is partnering with the Rwandan Government to track tantalum, a precious metal used in consumer electronics. According to Circulor’s post released on October 16, 2018, the project which is currently live, will help miners in Rwanda follow guidelines laid out in international agreements to eventually eradicate any source of conflict Tantalum from the supply chain.

2018-10-19 19:00


Financial Warrant System for Blockchain to Be Set Up by Eight Major European Financial Institutions

News surfaced of a major collaboration between several European banks and regulators that would use blockchain technology to issue financial warrants. The system, called Fast Track Listing, would allow entities to grant agreements on options to buy their stock, similar to option calls, through recording the contract on a blockchain ledger.

2018-7-5 16:24


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Rate hikes linked to 11 out of 14 past U.S. recessions, historical analysis shows

Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.

Biden administration to veto overturning of controversial SEC crypto rules

The Biden administration said on May 8 that it would veto H. J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said it “strongly opposes” the resolution as the change will interfere with the SEC’s efforts to protect crypto market investors and safeguard the financial system.