VanEck, Coinbase Execs Blame SEC For Surge In Bitcoin ETF-Driven Borrowing

cryptostudent.io 11 miesięcy temu

Executives from VanEck and Coinbase are raising alarms over the U.S. Securities and Exchange Commission’s (SEC) handling of spot Bitcoin ETFs. They pointed to increased borrowing costs as a direct consequence of the regulatory framework. According to these industry leaders, the SEC’s refusal to allow in-kind creation and redemption of Spot BTC ETFs has created inefficiencies. This has forced market participants to take on significant capital costs.
VanEck & Coinbase Execs On Spike In Borrowing For Bitcoin ETFs
Matthew Sigel, Head of Digital Assets Research at VanEck, a prominent player in the BTC ETF market, has been vocal about the challenges brought on by the SEC’s rules. “The SEC’s refusal to allow the in-kind creation and redemption of spot Bitcoin ETFs forces market participants to pre-fund many of their Bitcoin ETF-related transactions,” Sigel said.
Furthermore, he emphasized that this requirement has made the ETF process more capital-intensive and expensive than

Czytaj więcej

We współpracy z: https://coingape.com/vaneck-coinbase-execs-blame-sec-for-surge-in-bitcoin-etf-driven-borrowing/

Idź do oryginalnego materiału