Gensler Reiterates Support for Futures-Based Bitcoin ETFs — CoinDesk

Gensler Reiterates Support for Futures-Based Bitcoin ETFs — CoinDesk

Gensler singled out bitcoin ETFs, which invest in futures contracts that trade on the Chicago Mercantile Exchange and register under the Investments Company Act of 1940. The so-called ‘40 Act “provides significant investor protections,” he said in prepared remarks for a Financial Times conference: “I look forward to staff’s review of such filings.”

Originally Posted on: https://www.coindesk.com/policy/2021/09/29/gensler-reiterates-support-for-futures-based-bitcoin-etfs/
By: Danny Nelson

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