Rule 144A VanEcks Bitcoin ETF launch for Banks only
The surprising turnaround makes the so-called “Rule 144A” possible. This is an exception, as a rule, securities must first be registered and therefore approved by the SEC. Securities issued by companies under 144A are aimed exclusively at institutions. It is assumed that these are more trained in terms of risk assessment than private investors and therefore require less consumer protection.
The final decision for a public BTC ETF will be made on October 13th.
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