Navigating the Regulatory Landscape: Insights from Felix Shipkevich on the Potential Launch of the First Spot Bitcoin ETF

The approval of the first spot Bitcoin exchange-traded fund (ETF) has been a long-awaited milestone in the cryptocurrency space, marked by numerous applications and rejections by the Securities and Exchange Commission (SEC) over the past decade. In 2022, the entry of BlackRock, the world’s largest asset manager, added a new dimension to the landscape, sparking renewed interest and fueling the latest cryptocurrency bull market.

To gain insights into the regulatory nuances surrounding the SEC’s requests for amendments to ETF filings, Kitco Crypto spoke with Felix Shipkevich, a prominent fintech regulatory attorney and Special Professor of Law at Hofstra Law School. Shipkevich shed light on the SEC’s insistence on a cash-redemption model, excluding in-kind redemptions, raising questions about their motives and diligence.

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