“A group …has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a ‘complementary’ product to spot bitcoin exchange-traded funds (ETFs) that the securities regulator is expected to approve early next week.”
Another interesting option for institutional BTC investors, this depository receipt is a workaround that bypasses SEC approval through the way that it is structured. What do you think of this?