DeFi and Bitcoin ETF Seek Approval from SEC

Full article by Arijit Sarkar found here.

Key Points:

• Atlanta based investment company Invesco joins Galaxy Digital Funds to file and register for Invesco Galaxy Bitcoin ETF, a trust with physically protected private keys.

• If the Invesco Galaxy Bitcoin ETF is approved by the SEC, it will be registered as a securities offering and can be listed on traditional stock exchanges in the U.S.

• The trust will use “robust physical barriers to entry, electronic surveillance, and continuously roving patrols” to protect the Bitcoin private keys.

• Illinois- based Amplify ETFs filed a second registration to add Defi-centered open ETF funds offering to the Amplify ETF Trust.

• SEC approval of the Amplify ETF trust will allow the company to issue unlimited new shares for American investors.

• SEC Chairman Gary Gensler has repeatedly asked crypto related companies to “come in and talk to us”, stating the need for a robust crypto regulatory regime to improve investor protections in “crypto finance, issuance, trading, and lending.”