Singapore’s MAS cautions investors against buying spot Bitcoin ETFs
The Monetary Authority of Singapore has warned retail investors against buying spot Bitcoin ETFs following U.S. approval. The Monetary Authority of Singapore (MAS) has cautioned retail investors in the country against purchasing spot Bitcoin exchange-traded funds (ETFs) following the recent approval of such funds in the U.S. MAS, in response to inquiries from CNA, issued a cautionary statement for individuals considering engaging in the trading of these products in international markets, emphasizing that spot Bitcoin ETFs have not been approved as eligible assets for collective investment schemes (CIS). “Given this, spot Bitcoin ETFs are not approved by MAS for offer to retail investors .” The Monetary Authority of Singapore You might also like: Singapore’s prime minister issues warning following deepfake crypto video with him The regulatory stance of Singapore on crypto might change in light of recent approvals by the U.S. Securities and Exchange Commiss...