SEC-approved spot bitcoin ETFs come with unique compliance risks
By 
Aaron Nicodemus2024-01-22T18:08:00
With the Securities and Exchange Commission’s (SEC) approval of spot bitcoin exchange-traded funds (ETFs), U.S. investors can finally dip their toes into the digital asset market with protections long available for other types of investments.
On Jan. 10, the SEC approved 11 spot bitcoin ETFs, providing investors with the same access to bitcoin, bought for cash on the spot market, as they currently have to other investments like mutual funds, stocks, and gold.
Currently, only spot bitcoin ETFs are allowed. Some cryptocurrency watchers say other digital asset-related ETFs might come later.
Related articles
-
News BriefFINRA report highlights crypto communication violations
The Financial Industry Regulatory Authority announced it uncovered potential violations of its disclosure rules in 70 percent of crypto asset communications reviewed during a targeted exam.
-
News BriefFINRA report: Exam trends on off-channel comms, crypto, cybersecurity
A new report from the Financial Industry Regulatory Authority provides observations from examiners on emerging issues affecting the industry, including surveilling potential use of off-channel communications by employees, crypto-asset developments, cybersecurity trends, and more.
-
News BriefSEC shoots down Coinbase petition for crypto rulemaking
The Securities and Exchange Commission denied a petition filed on behalf of cryptocurrency exchange platform Coinbase that called for the creation of a new regulatory framework for crypto asset securities.
More from Regulatory Policy
-
ArticleCalifornia privacy regulator unveils new cyber, risk, and automation rules
Businesses operating in California will need to meet new, first-in-the-nation privacy requirements for cybersecurity, risk assessments, and automated decision-making technology, under a large expansion of rules by the state.
-
Basic PageDOJ, EPA take legal action against the California Air Resources Board
The U.S. Department of Justice has filed two lawsuits against the California Air Resources Board, claiming it no longer has the legal right to enforce strict emissions rules for heavy-duty trucks.
-
PremiumCompliance in the spotlight as tariffs, sanctions turn into geopolitical weapons
Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.