Encryption companies from the United States filed two registration statements with the U.S. Securities and Exchange Commission (SEC) to seek permission to sell Bitcoin-related exchange-traded funds (ETFs).Bitcoin) And decentralized finance (DeFi).
Invesco, an investment company headquartered in Atlanta, joins Galaxy Digital Funds in New York document And register the Invesco Galaxy Bitcoin ETF, which is a trust with physical protection of private keys. Amplify ETF in Illinois Archive Added the second registration of the DeFi-centric open-end EFT fund product to Amplify ETF Trust.
If approved by the United States Securities and Exchange Commission, Invesco Galaxy Bitcoin ETF will be registered as a securities product and can be listed on traditional national exchanges in the United States. According to the document, the trust will use “strong physical barriers to entry, electronic surveillance and constant patrols” to protect Bitcoin private keys.
On the other hand, the US Securities and Exchange Commission approves the Amplify ETF’s FORM N-1A application, which will allow the company to issue an unlimited amount of new shares for US investors.However, this is the second time for Galaxy Already applied Registering for the Bitcoin ETF from April 12, its approval will expire in October.
Neither Invesco nor Amplify ETF have responded to Cointelegraph’s request for comment.
Gary Gensler, the chairman of the US SEC, has been seeking encryption companies to register with the authorities. In a statement on September 14, Gensler asked crypto-related companies to “come in and talk to us” and cited the possibility of legal status based on specific circumstances.
In August, Gensler had a similar view. Seek a strong encryption regulatory system Improve investor protection for “encrypted finance, issuance, trading, or lending.”Recently, he The stablecoin ecosystem is required to be clear“Poker chips are these stable coins on the casino table,” he said.