SEC Approves NYSE Arca and Teucrium to Host Bitcoin Futures ETF

The United States Securities and Exchange Commission (SEC) has approved Bitcoin Futures Exchange-Traded Fund issuers NYSE Arca and Teucrium. The SEC shared their announcement of the approval on Wednesday. The SEC has allowed NYSE Arca and Teucrium to issue bitcoin futures ETFs. ProShares, Valkyrie and VanEck have previously been approved to list and trade Bitcoin futures ETFs in the U.S. https://t.co/PvJcYKEFL6 — Wu Blockchain (@WuBlockchain) April 7, 2022 BTC Futures ETF Application Approved The application submitted by Teucrium and NYSE Arca under the Securities Exchange Act of 1934 is a 19b-4 form to the Securities and Exchange Commission. James Seyffart, a Bloomberg Intelligence Analyst points out that Teucrim’s registration has a possibility to fall under the spot Bitcoin ETF category. To date, it must be noted that the Commission has rejected all spot Bitcoin Exchange-Traded Fund applications, citing several reasons. This includes raising concerns about market manipulation and a lack of surveillance-sharing agreement between the issuer of ETF and a trading marketplace. However, the dozens of rejections have not deterred firms from attempting to launch a Bitcoin ETF. Seyffart states, “Expanding the definition of exchange could eliminate the agency’s primary objection to the products by bringing crypto platforms under SEC’s regulatory framework. Once crypto exchanges are compliant, the SEC’s primary reason for denying spot...