Potential SEC Approval for Bitcoin ETFs Anticipated This Week: Everything You Need To Know

Forbes Topline

Forbes

Business News, Business, News, Entrepreneurship

4.8 • 6 Ratings

🗓️ 17 January 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Steven Ehrlich, the director of Forbes digital assets, joins ‘Forbes Talks’ to discuss the SEC possibly approving Bitcoin ETF applications as soon as this week. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi everyone I'm Rose Marie Miller here with Stephen Erlich, the director of Forbes
0:07.2	Digital Assets here to tell us about the SEC possibly approving Bitcoin E.T.F. applications as soon as this Wednesday.
0:16.0	Thank you so much for joining me today, Steve.
0:18.0	Thanks, Rosemary.
0:20.0	Absolutely.
0:21.0	So, Steve, why do people think one is going to be approved as soon as this
0:26.0	Wednesday?
0:27.0	Right, so it kind of comes down to the SEC's calendar.
0:31.0	Typically when an issuer applies to to launch an EDF
0:36.7	the SEC has up until 240 days to give a go and no-go decision. Many times it doesn't get that far. The SEC will approve something
0:46.2	before then or if the issuer or a proposed issuer senses that they're not going to get
0:52.4	approval, they will withdraw the
0:54.0	application before they actually get the formal rejection. And that's happened
0:59.5	over and over again for Bitcoin.
1:03.2	Going all the way back to 2013 when Tyler and Cameron Winklevoss of Facebook Fame tried to
1:09.3	launch the first spot Bitcoin EDF, There's been dozens of potential of potential products that
1:18.8	have gone before the SEC and the SEC every single time has whacked them down, has rejected them claiming pretty much that they
1:27.0	don't trust the underlying spy of the Bitcoin market.
1:29.6	They claim that the market is not free from fraud and manipulation, which is obviously an
1:33.9	very important tenant of investor safety. However, things have changed this time
1:39.6	around. It started with a company called Graysscale, which is the asset management arm of
1:45.9	Digital Currency Group, which is a kind of a well-known sort of like crypto polyglat firm for lack or better term.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Forbes, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Forbes and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.