SEC head acknowledges partial progress on Bitcoin ETF

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton saw progress in work on the Bitcoin ETF. At the same time, the department has doubts.

In an interview with CNBC, Clayton emphasized that there is no proper custodian in the industry. He also pointed out the threat of price manipulation on unregulated exchanges.

The head of the SEC acknowledged that cryptocurrency enterprises are already much closer to the necessary standards, but they have not yet proved the safety of Bitcoin ETFs for investors.

Recall that in August, the SEC postponed Bitcoin ETF solutions from Bitwise Asset Management, VanEck / SolidX and Wilshire Phoenix.

Then the media reported that VanEck / SolidX will launch an exchange fund, without waiting for approval, using the SEC 144A rule.

On September 6, Bakkt Warehouse institutional custodian began accepting bitcoin deposits. They are already insured by a $ 125 million guarantee fund.

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