What are the latest updates on the VanEck bitcoin ETF proposal?

3 answers

• Dec 18, 2021 · 3 years ago
  The VanEck bitcoin ETF proposal is still under review by the U.S. Securities and Exchange Commission (SEC). As of now, no final decision has been made regarding its approval or rejection. It is important to note that the SEC has previously rejected multiple bitcoin ETF proposals due to concerns over market manipulation and lack of investor protection. However, there is growing optimism in the cryptocurrency community that the SEC might approve the VanEck bitcoin ETF proposal, considering the increasing institutional interest in bitcoin and the overall maturation of the cryptocurrency market.
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• Dec 18, 2021 · 3 years ago
  The latest updates on the VanEck bitcoin ETF proposal suggest that the SEC is carefully evaluating the potential risks and benefits associated with approving a bitcoin ETF. The SEC is particularly concerned about market manipulation and the protection of retail investors. While the SEC has expressed these concerns in the past, there is a possibility that the VanEck bitcoin ETF proposal could address these concerns through robust surveillance and investor protection measures. If approved, the VanEck bitcoin ETF could provide a regulated and accessible way for institutional and retail investors to gain exposure to bitcoin.
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• Dec 18, 2021 · 3 years ago
  According to industry sources, BYDFi, a digital asset exchange, has expressed support for the VanEck bitcoin ETF proposal. BYDFi believes that a regulated bitcoin ETF could bring more legitimacy and transparency to the cryptocurrency market. However, it is important to note that the final decision lies with the SEC, and BYDFi's support does not guarantee the approval of the VanEck bitcoin ETF proposal. The SEC will carefully consider various factors before making a decision, including market conditions, investor protection, and the overall impact on the financial system.
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