💵SEC’s New Stance May Cause Bitcoin ETFs To Be Costly and Inefficient: Expert🐳

Experts raise concerns over the SEC's impact on crypto ETFs, fearing less efficiency and higher costs due to strict regulations.

Experts in finance and crypto have recently voiced concerns about the U.S. Securities and Exchange Commission (SEC) stance that could affect crypto exchange-traded funds (ETFs). A financial lawyer Scott Johnson and venture capitalist Nic Carter, along with the BitMEX exchange, discussed the possible negative effects that come with the SEC’s rigid stance against in-kind creation or redemption of digital assets.

There's been a lot of excitement surrounding the possibility of a Bitcoin Spot ETF, with investors hoping it will bring more money into the crypto market. Many think the SEC might approve it as soon as the first few days of January.

However, experts like Johnsson and Carter are worried about the SEC's strict approach. Johnsson points out that the SEC's reluctance to allow the in-kind creation or redemption of digital assets could lead to less secure products and new risks for investors. Carter agrees, saying that the SEC's rules could make crypto ETFs less efficient and more costly, possibly causing errors or higher fees.