Bitcoin Futures ETF notwithstanding, is it still the ‘Wild West’
There has been massive demand for investment securities backed by cryptocurrencies for a very long time now. And, the unprecedented success of the Bitcoin Futures ETF proves that very fact. However, the Chairman of the U.S Securities and Exchange Commission remains unconvinced of the merits of the novel asset class.
During a recent interview with Yahoo, SEC Chief Gary Gensler expressed his concerns about investor protection in the crypto-market. He also spoke about his unchanged outlook towards ETFs backed directly by the top cryptocurrency. He said,
“Investors aren’t protected the way they are, whether they go into the stock or bonds markets that we’ve overseen so long. Without that, I think it really is, as I’ve said to others, a bit of the
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