Howard Fischer, partner at Moses Singer LLP and a former SEC litigator, says the ongoing compliance challenges associated with offering spot bitcoin ETFs and the regulatory uncertainty lingering in the crypto sector should somewhat curb our enthusiasm about the floodgates being thrust further open to retail investors.
In this podcast, Fischer spoke about:
- SEC Chair Gary Gensler’s decision to greenlight the ETFs;
- the ETFs’ capital inflows and popularity;
- some of the inherent risks that businesses offering them must be mindful of;
- other risks, from regulatory uncertainty to counterparty risk; and
- the chances for other spot crypto ETF products.
A transcript for this podcast is available here.