{"id":342644,"date":"2021-09-22T13:26:17","date_gmt":"2021-09-22T10:26:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sec-registrants-seek-defi-and-physically-backed-bitcoin-etf-approval\/"},"modified":"2021-09-22T13:26:17","modified_gmt":"2021-09-22T10:26:17","slug":"sec-registrants-seek-defi-and-physically-backed-bitcoin-etf-approval","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sec-registrants-seek-defi-and-physically-backed-bitcoin-etf-approval\/","title":{"rendered":"# SEC registrants seek DeFi and physically-backed Bitcoin ETF approval"},"content":{"rendered":"

“# SEC registrants seek DeFi and physically-backed Bitcoin ETF app<\/a>roval <\/strong>”
\n<\/p>\n

Crypto companies from the United States filed two registration statements with the Securities and Exchange Commission (SEC) seeking permission to sell exchange-traded funds (ETF) in relation to Bitcoin (BTC) and decentralized finance (DeFi).<\/p>\n

An Atlanta-based investment company, Invesco joined New York\u2019s Galaxy Digital Funds to file <\/a>and register Invesco Galaxy Bitcoin ETF, a trust with physically protected private keys. Illinois-based Amplify ETFs filed<\/a> the second registration for adding DeFi centric open-end EFT funds offering to the Amplify ETF Trust. <\/p>\n

If approved by the SEC, the Invesco Galaxy Bitcoin ETF will be registered as a securities offering with the ability to get listed on traditional national exchanges in the U.S. According to the filing, the trust will use \u201crobust physical barriers to entry, electronic surveillance and continuously roving patrols\u201d to protect Bitcoin private keys.<\/p>\n

On the other hand, SEC\u2019s approval for Amplify ETFs\u2019 FORM N-1A filing will allow the company to issue unlimited new shares for American investors. However, this is the second time Galaxy has applied<\/a> for a Bitcoin ETF registration since April 12, the approval of which is due in October. <\/p>\n

Both Invesco and Amplify ETFs are yet to respond to Cointelegraph\u2019s request for comment.<\/p>\n

Related: <\/strong>SEC chair doubles down, tells crypto firms \u2018come in and talk to us<\/em><\/strong>\u2019<\/em><\/strong><\/p>\n

The US SEC chairman, Gary Gensler, has been pursuing crypto businesses to register with the authorities. In a statement from September 14, Gensler asked crypto-related companies to \u201ccome in and talk to us,\u201d citing probabilities of legal status on a case-to-case basis.<\/p>\n

In August, Gensler had shared similar sentiments, seeking a robust crypto regulatory regime to improve investor protection across \u201ccrypto finance, issuance, trading, or lending.\u201d More recently, he demanded clarity for the stablecoin ecosystem. \u201cThe poker chip is these stablecoins at the casino gaming tables,\u201d he said.<\/p>\n