{"id":10617,"date":"2021-09-22T12:22:55","date_gmt":"2021-09-22T11:22:55","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10617"},"modified":"2021-09-22T12:22:59","modified_gmt":"2021-09-22T11:22:59","slug":"registrations-for-defi-and-physically-backed-bitcoin-etf-are-being-submitted-to-the-sec","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/registrations-for-defi-and-physically-backed-bitcoin-etf-are-being-submitted-to-the-sec\/","title":{"rendered":"Registrations for DeFi and physically-backed Bitcoin ETF are being submitted to the SEC"},"content":{"rendered":"\n
The Securities and Exchange Commission (SEC) has received two registration statements <\/a>from crypto businesses requesting approval to market exchange-traded funds (ETF) related to Bitcoin (BTC) and decentralized financing (DeFi).<\/h5>\n\n\n\n
\"Registrations<\/figure>\n\n\n\n

Invesco, an Atlanta-based investment firm, teamed up with Galaxy Digital Funds\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in New York to file and register the Invesco Galaxy Bitcoin ETF, a trust with physically secure private keys.<\/p>\n\n\n\n

Amplify ETFs, based in Illinois, has submitted a second registration to add DeFi focused open-end ETF funds to the Amplify ETF Trust.<\/p>\n\n\n\n

If the Securities and Exchange Commission approves it, the Invesco Galaxy Bitcoin ETF will be registered as a securities offering and will be able to trade on standard national exchanges in the United States.<\/p>\n\n\n\n

The trust will protect Bitcoin private keys <\/a>with “strong physical barriers to entry, technological surveillance, and continuously roaming patrols,” according to the filing.<\/p>\n\n\n\n

The SEC's acceptance of Amplify ETFs' FORM N-1A application, on the other hand, will allow the business to issue an unlimited number of additional shares to American investors.<\/p>\n\n\n\n

Galaxy, on the other hand, has applied for a Bitcoin ETF for the second time since April 12, with approval expected in October.
.
Gary Gensler, the head of the US Securities and Exchange Commission, has been pressing crypto companies to register with the authorities.<\/p>\n\n\n\n

In a statement dated September 14, Gensler invited crypto-related businesses to \u201ccome in and chat to us,\u201d<\/a> noting case-by-case legal status probabilities.<\/p>\n\n\n\n

Gensler expressed similar sentiments in August, calling for a strong crypto regulatory regime to boost investor safety in \u201ccrypto financing, issuance, trading, or lending.\u201d<\/p>\n\n\n\n

He has recently called for more clarity in the stablecoin ecosystem. \u201cAt the casino gaming tables, the poker chip is these stablecoins,\u201d he explained.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission (SEC) has received two registration statements from crypto businesses requesting approval to market exchange-traded funds (ETF) related to Bitcoin (BTC) and decentralized financing (DeFi). Invesco, an Atlanta-based investment firm, teamed up with Galaxy Digital Funds in New York to file and register the Invesco Galaxy Bitcoin ETF, a trust with […]<\/p>\n","protected":false},"author":12,"featured_media":10624,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,73],"tags":[1613,197,143],"class_list":["post-10617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-defi-news","tag-bitcoin-etf","tag-defi","tag-sec"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Registrations-for-DeFi-and-physically-backed-Bitcoin-ETF-are-being-submitted-to-the-SEC.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10617"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10624"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}