ASA Welcomes Trading of Bitcoin Futures ETFs
Again calls on SEC to approve ETFs holding physical cryptocurrency
WASHINGTON – The American Securities Association (ASA) today welcomed the start of trading of bitcoin futures exchange-traded funds (ETFs) and once again called on the Securities and Exchange Commission (SEC) to allow investors to trade ETFs that hold physical cryptocurrencies.
“ASA applauds the SEC for taking an important first step to modernize the crypto investing space with a bitcoin futures ETF set to begin trading today,” said ASA CEO Chris Iacovella. “The SEC should build on today’s action and provide investors with further regulatory protections by approving applications for ETFs that hold physical cryptocurrencies. We look forward to working with Chair Gensler and Congress as Washington considers additional crypto regulation.”
Last month, ASA urged the SEC to approve applications for cryptocurrency ETFs, including those that hold physical cryptocurrencies.
ASA’s regional financial services companies work in communities across the country to create jobs, grow the economy, and increase prosperity for all Americans. The ASA exclusively represents the capital market and private client interests of its members and seeks to promote free market principles making it easier to access financial advice and capital. ASA members help Americans save for retirement, provide Main Street businesses with capital to grow, and advise hardworking Americans how to create and preserve wealth. For the latest updates follow @AmerSecurities and learn more at http://americansecurities.org/.