WASHINGTON, DC – The American Securities Association (ASA) today issued the following statement from President & CEO Chris Iacovella on the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETF):
“The SEC’s approval of spot Bitcoin ETFs is an important step for American investors who have advocated for a clear regulatory framework rather than regulation by enforcement,” said ASA President & CEO Chris Iacovella. “Regulated spot Bitcoin ETFs will give American investors the freedom to choose to participate in this alternative class, and we welcome it.”
About the American Securities Association
American Securities Association, based in Washington, DC, represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.