“The SEC is now not only comfortable with futures-based ETFs regulated under the 40 Act and all the investment protections there, but also futures-based ETFs regulated under the 34 and the 33 Act, the same act that these spot-based ETFs will be regulated under,” said Craig Salm, chief legal officer for Grayscale Investments, which is trying to get its Bitcoin Trust (GBTC) converted into a spot bitcoin ETF. Digital Currency Group, Grayscale’s parent company, also owns CoinDesk as an independent subsidiary.
Source: https://www.coindesk.com/policy/2022/04/20/optimism-for-a-spot-bitcoin-etf-grows-with-approval-of-teucrium-futures-fund/?utm_medium=referral&utm_source=rss&utm_campaign=headlines