Bitcoin ETF seekers meet with SEC to request approval

posted 3 months ago
Members of VanEck, SolidX and the Cboe BZX Exchange met with SEC staff earlier this week to present a new argument on why the Bitcoin market is ready for an ETF. The three firms met with the SEC’s Division of Corporation Finance, Division of Trading and Markets, Division of Economic and Risk Analysis and Office of General Counsel. Notably, Monday’s effort differed from previous presentations, which took more of a regulatory focus.

Instead, the proponents’ argument centered around the idea that the Bitcoin market is mature enough to support an ETF, and at present looks similar to markets for other assets which already have such products. The presentation gave several examples of assets that already have ETFs, including crude oil, silver and gold.
Tags: bitcoin, news