Spot Bitcoin Exchange-Traded Products: New Investor Opportunities, Challenges, and Protections
This program is cancelled
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will explore the SEC's recent order approving the listing and trading of 11 spot Bitcoin exchange-traded products (ETPs), allowing investors to gain exposure to the price movements of Bitcoin on a registered national exchange rather than through a cryptocurrency exchange and without the technical hurdles associated with holding cryptocurrencies. The panel will review the SEC's order, its potential impact on the financial landscape and investment managers, the opportunities and challenges this new development presents, and what it means for the future of the crypto asset industry.
Outline
- Overview: spot Bitcoin ETPs -- definitions and how they work
- Background behind the SEC's order: Grayscale Investments v. SEC
- Significance of the SEC's order approving the listing and trading of spot Bitcoin ETPs on a national exchange
- Impact on investors and investment managers
- Process for listing and trading ETP shares
- Advantages and challenges of Bitcoin ETPs
- Comparative analysis: Bitcoin ownership vs. Bitcoin ETPs
- Protections for investors in ETPs that are listed and traded on national security exchanges
- The future of crypto asset trading
Benefits
The panel will address these and other key issues:
- What is the significance of the SEC approving the listing and trading of spot Bitcoin ETPs on a national exchange?
- What are the unique aspects of the recently introduced Bitcoin ETPs?
- What are the opportunities and challenges related to spot Bitcoin ETPs?
- What protections exist for investors in ETPs?
Faculty
William T. MacGregor
Partner
Proskauer Rose
Mr. MacGregor is a partner in the registered funds group and a member of the investment management practice. Over the... | Read More
Mr. MacGregor is a partner in the registered funds group and a member of the investment management practice. Over the last two decades, he has held roles in big-law and as in-house counsel at preeminent firms equipping him with a unique perspective and a deep understanding of asset managers in the registered funds space. Mr. MacGregor’s wide-ranging practice includes advising clients on regulatory and transactional matters involving registered open-end and closed-end investment companies and their investment advisers, as well as their independent board members. He works closely with clients on new product development, distribution arrangements and, development and application of compliance programs. In particular, Mr. MacGregor regularly counsels clients with respect to regulatory issues in relation to regulatory examinations and inquiries, as well as implementation of new regulations and regulatory changes.
Closeto be announced.