SEC registrants seek approval of DeFi and a physically backed Bitcoin ETF


Crypto companies in the United States have filed two registration statements with the Securities and Exchange Commission (SEC) seeking authorization to sell exchange-traded funds (ETFs) in relation to Bitcoin (BTC) and decentralized finance (Challenge).

An Atlanta-based investment firm, Invesco joined Galaxy Digital Funds of New York to deposit and register Invesco Galaxy Bitcoin ETF, a trust with physically protected private keys. Illinois-based Amplify ETFs have filed the second registration to add a DeFi-centric open-ended EFT fund offering to Amplify ETF Trust.

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If approved by the SEC, the Invesco Galaxy Bitcoin ETF will be registered as a securities offering with the option to be listed on traditional national stock exchanges in the United States. continuous roaming patrols ”to protect Bitcoin private keys.

On the other hand, the SEC approval for the FORM N-1A filing of the Amplify ETFs will allow the company to issue an unlimited number of new shares to US investors. However, this is the second time that Galaxy has requested a Bitcoin ETF registration since April 12, which is expected to be approved in October.

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ETFs Invesco and Amplify have yet to respond to TBEN’s request for comment.

Related: SEC Chairman Doubles Up And Tells Crypto Firms To Come Talk To Us

US SEC Chairman Gary Gensler has sued crypto companies to register with authorities. In a Sept. 14 statement, Gensler asked crypto-related companies to “come talk to us,” citing legal status probabilities on a case-by-case basis.

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In August, Gensler had shared similar sentiments, seeking a robust crypto regulatory regime to improve investor protection in “crypto funding, issuance, trading or lending.” More recently, he demanded clarity for the stablecoin ecosystem. “The poker chip is those stablecoins at the casino gaming tables,” he said.