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More than 60 comments were published on the United States Securities and Exchange Commission (SEC) website, which since June 26 has opened a section allowing the public to comment on a request Chicago Board Options Exchange (Cboe Global Markets) presented to the agency, at the request of a Bitcoin-listed investment fund (ETF).
With the vast majority of opinions in favor of approval, commentators take advantage of the SEC section to mention the benefits that investors from this country would get with this measure and are interested by the government granting legal status to cryptocurrencies, which they consider that they have come to stay and are considered an important part of the future of finance around the world.
Some of the people who commented indicated that they are investors who use or have used Blockchain technology, and who is interested in the issue of cryptoactives, that's why they mention some obstacles that arise due to the lack of a legal framework for the emerging ecosystem.
In this sense, commentator Kevin Thomas, who identified himself as an investor in cryptocurrencies and related technologies, wrote on July 11 that an ETF, properly regulated and using physically stored assets secure, would provide them with a safer way to invest. He adds that among the difficulties he has faced is forced to use less secure and unregulated services which are not stable. He assures that with the approval of Bitcoin ETF the government would provide investor protection.
In this order of ideas the President of LogicBox, Inc. Jeremy T. Goemaat thought that an ETF supported by "real versus future bitcoins" This would be healthy for the market and would provide stability. While another commentator, Matt Hanna, talked about the fact that thousands of Americans are currently investing in Bitcoin, using the centralized and decentralized exchange offices available, in which they face risks. related to hacking, custody issues, and even the loss of private keys and digital wallets. He alleges, therefore, that such risks would be mitigated by the opportunity to invest in ETFs, as they would have a secure investment vehicle.
The possibility of writing favorable or adverse comments will remain open until August 10 when the petition is closed. To participate, people have three methods, choose one: fill an online form, send an email or submit a letter written on paper. It is explained that all comments will be available for free reading on the website and that no data will be published, so that they advise interested parties to incorporate information that they can share publicly.
This new methodology of the US supervisory body consult the public opinion before deciding whether to approve the Bitcoin investment fund requested by Cboe, was considered by the Crypto community as an advance and is considered a sign of the institution's willingness to authorize the instrument, especially while previous applications have been rejected.
In addition, the fact that Cboe was the first company to receive SEC approval to negotiate bitcoin futures also generates optimism. To the above is added the fact that it is the first institution that makes this request after this government agency declared, on June 14, that Bitcoin and Ehereum are not values.
wsf -f / stock.adobe.com
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