Fri. 10/15 – Will The SEC Allow You To Trade The (Bitcoin) Future?

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Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 15 October 2021

⏱️ 19 minutes

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Summary

The SEC is poised to let the first Bitcoin futures ETFs trade a soon as next week. Google finally does away with pagination on the mobile web. Why are Waymo autonomous taxis all piling up on one dead end street in San Francisco? And of course, the weekend longreads suggestions. Sponsors: Dataiku.com Links: SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms (Bloomberg) Google modernizes US mobile search results with continuous scrolling (TechCrunch) Dead-End SF Street Plagued With Confused Waymo Cars Trying To Turn Around ‘Every 5 Minutes’ (KPIX CBS) Reliable Robotics lifts $100M to take autonomous cargo planes where none have gone before (TechCrunch) Weekend Longreads Suggestions: How Axie Infinity is turning gaming on its head (Platformer) Anyone Seen Tether’s Billions? (Bloomberg Businessweek) SLACKERS OF THE WORLD, UNITE! (The Atlantic) Starbucks Is 50 and Emboldening Its Rivals More Than Ever (Bloomberg Opinion) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Right Home for Friday, October 15th, 2021. I'm Brian McCullough.
0:08.0	Today, the SEC is poised to let the first Bitcoin futures EDFs trade as soon as next week.
0:14.6	Google finally does away with pagination on the mobile web.
0:18.3	Why are Weimo Autonomous Taxis all piling up on one dead- street in San Francisco and of course the weekend
0:25.1	long read suggestions here's what you missed today in the world of tech.
0:32.1	Sources are telling Bloomberg that the SEC is poised to let the first Bitcoin futures
0:38.0	EDFs from ProShare and Investco trade in the U.S. as early as next week, quote,
0:45.0	unlike Bitcoin E.T.F. applications that the regulator has previously
0:49.8	rejected, the proposals by ProSharers and InvestCO are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide quote significant investor protections end quote. A spokesperson for the SEC declined to Congress. quote,
1:03.0	a spokesperson for the SEC declined to comment,
1:05.0	as did an official at ProShareres.
1:07.0	Barring a last minute reversal,
1:09.0	the fund launch will be the culmination of a nearly decade long campaign by the 6.7 trillion
1:14.4	dollar E.T.F. industry advocates have sought approval as a confirmation of
1:19.1	mainstream acceptance of cryptocuracies since Cameron and Tyler Winklevoss, the twins best known for their part in the history of Facebook, filed the first application for a Bitcoin ETF in 2013
1:30.1	Approval has for years been out of the grasp of issuers who amid myriad false signs of progress and outright rejections have tried to get a variety of different structures cleared for trading.
1:41.0	Over the years there have been plans for funds that propose to hold
1:44.3	Bitcoin via a digital vault or that could use leverage to juice returns. Others
1:49.6	sought to mitigate Bitcoin's famous volatility a key point of contention for the SEC.
1:55.6	The SEC has in the past argued that the crypto space is plagued with investor hazards.
2:00.7	The SEC had expressed concern that prices could be manipulated and liquidity might be insufficient
2:05.2	and that Bitcoin's drastic price swings may be too much for individual investors.
	...

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