Path to first SEC-approved bitcoin ETF diverges as VanEck withdraws and Bitwise charges ahead
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- VanEck and SolidX withdrew their bitcoin exchange-traded fund (ETF) application to the Securities and Exchange Commission (SEC) last Friday
- On the other hand, Bitwise, which also applied for a bitcoin ETF, is still waiting for the SEC’s final decision, hoping that its different approach to custody and pricing can win an approval
- Some suspect that the SEC is applying a higher standard when it comes to cryptocurrencies due to their novelty, although others argue that the market infrastructure is just not mature enough for the SEC to feel comfortable with a bitcoin ETF
If VanEck and SolidX’s withdrawal of their exchange-traded fund (ETF) proposal says anything about the crypto market, it’s that the Securities and Exchange Commission’s suspicion over cryptocurrencies may be more abiding than anticipated. A Sept. 17 filing shows that VanEck and SolidX retracted their ETF proposals last Friday, although in the eyes of Bitwise COO […]
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
