BlackRock, Kripto Vadeli İşlemler ve Spot ETF'lerde SEC Ayrımına meydan okuyor

• BlackRock, SEC'in BTC spot ve vadeli işlem ETF'leri arasında ayrım yapmak için mantıklı bir gerekçesi olmadığını söyledi.
• SEC, kripto vadeli işlem ETF'lerinin 1940 Yasası kapsamında üstün düzenlemelere ve tüketici korumasına sahip olduğunu iddia ediyor.
• The 1940 Act lacks relevance in this area, as it places “certain restrictions on ETFs and ETF sponsors,” it said.
• BlackRock filed for an Ether spot ETF called the “iShares Ethereum Trust” on November 9.

---

BlackRock, the world’s largest asset management firm with around $9.4 trillion in assets under management, has stated that the United States Securities and Exchange Commission (SEC) has no grounds to differentiate between Bitcoin spot exchange-traded fund (ETF) and BTC futures ETFs. The regulator has no valid reason for the rejection of spot ETF applications, the firm said.

Önde gelen varlık yönetimi firması, spot-Ether (ETH) ETF called the “iShares Ethereum Trust” on November 9, resulting in a surge in the price of ETH. Nasdaq submitted the 19b-4 application form to the SEC on behalf of BlackRock, and in its başvuru, the firm questioned the regulator’s treatment of Bitcoin spot ETFs. 

BlackRock, SEC'in Bitcoin spot ETF'leri ile Bitcoin vadeli işlem ETF'leri arasına bir çizgi çekmek için temelsiz mantık kullandığını, ikincisini onayladığını ve ilkinin birden fazla başvurusunu reddettiğini iddia ediyor. 

“Given that the Commission has approved ETFs that offer exposure to ETH futures, which themselves are priced based on the underlying spot ETH market, the Sponsor believes that the Commission must also approve ETPs that offer exposure to spot ETH,” said the asset management firm. 

I took Scott's advice and read Blackrock's argument for approval of a spot ETH ETF.

It's very compelling.

The argument flows from Grayscale's DC Circuit victory: the SEC can't lawfully approve ETH futures ETFs but not a spot ETH ETF. I agree.

Burayı oku: https://t.co/7mwYNWDHRo https://t.co/fAgVBnOBZZ

—Jake Chervinsky (@jchervinsky) 10 Kasım 2023

Önde gelen varlık yönetimi firmalarından bir düzine başvuru almasına rağmen SEC'in tek bir Bitcoin spot ETF'sini onaylamadığını belirtmekte fayda var. Ancak kurum, spot kripto ETF'leri kapsayan 1933 Yasası'nın aksine, 1940 Yasası kapsamında daha üstün düzenlemelere ve tüketici korumasına sahip olduklarını iddia ederek Bitcoin vadeli işlem ETF'lerini onayladı.

Further, it seems that the SEC also favors regulation and surveillance-sharing agreements over the Chicago Mercantile Exchange’s (CME’s) digital asset futures market. Interestingly, BlackRock claims that the SEC’s preference for the 1940 Act lacks relevance in this area, as it places “certain restrictions on ETFs and ETF sponsors” and not the underlying assets of the ETFs.

The regulator said that “none of these restrictions address an ETF’s underlying assets, whether ETH futures or spot ETH, or the markets from which such assets’ pricing is derived, whether the CME ETH futures market or spot ETH markets,” while adding:

“As a result, the Sponsor believes that the distinction between registration of ETH futures ETFs under the 1940 Act and the registration of spot ETH ETPs under the 1933 Act is one without a difference in the context of ETH-based ETP proposals.”

BlackRock also noted that by approving Bitcoin futures ETFs via CME, the SEC “clearly determined that CME surveillance can detect spot-market fraud that would affect spot ETPs.”

Bitnation tarafından daha önce bildirildiği üzere BlackRock CEO'su Larry Fink, varlık yönetimi firmasının şu anda iflas etmiş olan kripto borsası FTX'e $24 milyon yatırım yaptı.

Son Haberler