Officials of VanEck, SolidX and Cboe BZX Exchange have met with the SEC again, in the latest attempt to convince the regulator to approve the nation's first bitcoin exchange-traded fund (ETF),
Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.
The sheer volume of news surrounding ETFs — and the general complexity of the asset when compared to the simplicity of trading on the bitcoin spot market — makes the industry’s pursuit of one a rich and even abstruse topic.
The SEC has once again postponed a decision on the application for a Bitcoin ETF by VanEck and SolidX, stating that it needs more time to consider further input.
The proposal in question calls for the listing and trading of SolidX bitcoin shares, and stems from the VanEck SolidX Bitcoin Trust, which states it will invest in “bitcoin only.”
