SEC publishes Vaneck’s Bitcoin ETF application, kicking off decision clock
The US SEC acknowledged VanEck’s 19b-4 Form for its Bitcoin ETF application on Monday, formally kicking off its 45-day window to make an initial decision on the proposal.
If approved, the ETF would be the first open bitcoin exchange-traded product in the US. Historically, the SEC has rejected every Bitcoin ETF application, including VanEck’s past efforts, citing potential for market manipulation and a host of other concerns. However, industry pundits believe that the agency may finally be ready to approve one under incoming Chair Gary Gensler.
If approved, the ETF would be the first open bitcoin exchange-traded product in the US. Historically, the SEC has rejected every Bitcoin ETF application, including VanEck’s past efforts, citing potential for market manipulation and a host of other concerns. However, industry pundits believe that the agency may finally be ready to approve one under incoming Chair Gary Gensler.
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