October 9, 2018
Partner John Dellaportas
was quoted in the U.S. News & World Report
article “Approval of Bitcoin ETFs by SEC Appears Murky.” According to the article, the U.S. Securities and Exchange Commission (SEC) rejected several cryptocurrency-based ETFs in 2018. The SEC's decision displays its skepticism on having these securities in the market.
"Cryptocurrencies are still the wild west. They are only suitable for sophisticated investors with diversified portfolios, who can afford to take limited risks," John said. Still, the regulatory agency could reverse its stance in the future, "eventually, the market will mature enough such that the SEC will allow bitcoin ETFs."
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