SINGAPORE, Nov 30 (Reuters) – The U.S. Securities and Change Fee has but to approve any spot bitcoin exchange-traded fund (ETF) listings thus far, the regulator’s commissioner Mark Uyeda stated on the sidelines of a discussion board in Singapore on Wednesday.
“We have had numerous purposes … none of these have been accredited thus far,” stated Uyeda, who was in Singapore to talk on the ICI World Asset Administration Asia Discussion board.
Earlier this month, the SEC delayed a choice on whether or not to permit a spot bitcoin ETF by stock-picker Cathie Wooden’s Ark Make investments and crypto funding product agency 21Shares US to checklist and commerce on Cboe World Markets till Jan. 27.
The regulator has rejected over a dozen spot bitcoin ETF purposes, and accredited a number of bitcoin futures-based ETFs. The rejections have centered on candidates’ lack of surveillance-sharing agreements with regulated markets regarding the spot funds’ underlying property.
Such agreements entail sharing commerce knowledge and different data to permit the change to detect manipulation.
Uyeda added that the SEC continues to contemplate purposes filed by exchanges “as they arrive up”.
The previous few weeks have been turbulent for the cryptocurrency sector, after main change FTXcollapsed, wiping billions in worth off the market.
“We now have at all times had these issues and so we proceed to consider these points we proceed to take enforcement actions”, he stated, when requested about how the regulators’ pondering has shifted after the FTX collapse.
Reporting by Rae Wee and Ankur Banerjee; Modifying by Amanda Cooper
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