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Amplify ETFs, Invesco and Galaxy submitted registrations to the U.S. SEC for Bitcoin and DeFi-based ETF offerings.
Crypto companies from the United States filed two registration statements with the Securities and Exchange Commission, seeking permission to sell exchange-traded funds (ETF) in relation to Bitcoin (BTC) and decentralized finance (DeFi).
Atlanta-based investment company Invesco joined New Yorkâs Galaxy Digital Funds to file and register Invesco Galaxy Bitcoin ETF, a trust with physically protected private keys. Illinois-based Amplify ETFs filed the second registration to add DeFi-centric open-end ETF funds offering to the Amplify ETF Trust.
If approved by the SEC, the Invesco Galaxy Bitcoin ETF will be registered as a securities offering with the ability to get listed on traditional national exchanges in the United States. According to the filing, the trust will use ârobust physical barriers to entry, electronic surveillance and continuously roving patrolsâ to protect Bitcoin private keys.
On the other hand, the SECâs approval for Amplify ETFsâ FORM N-1A filing will allow the company to issue unlimited new shares for American investors. However, this is the second time Galaxy has applied for a Bitcoin ETF registration since April 12, the approval of which is due in October.
Both Invesco and Amplify ETFs are yet to respond to Cointelegraphâs request for comment.
Related: SEC chair doubles down, tells crypto firms âcome in and talk to usâ
SEC Chairman Gary Gensler has been pursuing crypto businesses to register with the authorities. In a statement from Sept. 14, Gensler asked crypto-related companies to âcome in and talk to us,â citing probabilities of legal status on a case-to-case basis.
In August, Gensler shared similar sentiments, seeking a robust crypto regulatory regime to improve investor protection across âcrypto finance, issuance, trading, or lending.â More recently, he demanded clarity for the stablecoin ecosystem. âThe poker chip is these stablecoins at the casino gaming tables,â he said.
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