BlackRock: SEC Has No Basis for Treating Crypto Futures and Spot ETFs Differently

BlackRock has raised questions about the U.S. Securities and Exchange Commission's (SEC) inclination towards the 1940 Act in overseeing futures ETFs. The company contends that this regulatory framework may not be entirely relevant for both crypto-spot and crypto-futures ETFs. According to BlackRock, the SEC lacks a valid rationale to differentiate between spot-crypto and crypto-futures exchange-traded fund applications. KEEP READING