ProShares has, in a recent statement, dismissed concerns surrounding the costs linked to derivatives trading that may lead to tracking inaccuracies and insisted the ProShares Bitcoin Strategy Fund (BITO) has faithfully mirrored Bitcoin’s spot price.
The United States Securities and Exchange Commission (SEC) is contemplating appealing a recent court decision – concerning Ripple Labs – that established XRP “is not necessarily a security on its face.”
While the unveiling of a highly anticipated bill on digital assets by U.S. legislators stoked hopes of a more favorable regulatory environment for the cryptocurrency sector, some industry experts have expressed concerns about the bill’s vague language.
Top stories in the Crypto Roundup today:
- ProShares Dismisses Concerns Over Bitcoin Futures ETF Performance
- SEC Mulls Over Challenging Court Ruling on XRP’s Status
- Crypto Bill Not Enough to Clarify Regulatory Landscape, Experts Say
- USDT Continues to Dominate Stablecoin Landscape