SEC Wants to Implement ‘Kill Switch’ in BlackRock’s Bitcoin ETF, Allowing Gary Gensler to Halt Spot ETF Anytime
The SEC’s involvement in the BlackRock Bitcoin ETF suggests a potential ‘kill switch’ for halting trading. Legal changes in the ETF’s S-1 filing raise questions about Bitcoin’s classification as a security. In an unexpected turn from a previous CNF post last month, which covered SEC Commissioner Hester Pierce’s remarks about not obstructing BlackRock’s Bitcoin ETF […