An ETF backed by digital assets like bitcoin may be on the horizon, but it’s likely regulators will first want to see a market infrastructure for cryptocurrencies that provides greater price stability. FrontLine’s Founder and President, Amy Lynch, explains that if bitcoins and other cryptos are deemed a security, it would need to be pegged to something priced in a repeatable, standardized way to deter manipulation. Ms Lynch also states that SEC chair nominee Gary Gensler’s knowledge and interest in cryptocurrencies should benefit a regulatory emphasis on digital assets as part of the SEC’s new agenda. See MarketWatch, “Bitcoin ETF? A crypto Holy Grail. But don’t expect to see one soon, say experts“
