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VanEck Has Refiled its Application For a Bitcoin ETF. Here’s Why

From decrypt.co

Once more into the breach, dear friends! Investment firm VanEck has refiled its submission for a Bitcoin Exchange Traded Fund with the U.S. Securities and Exchange Commission, one year after it withdrew its previous application. VanEck withdrew its last attempt at an ETF on September 17, 2019, after several attempts were blocked by the U.S. Securities and Exchange Commission (SEC). The SEC has repeatedly blocked Bitcoin ETFs submissions because it believes the Bitcoin market is prone to manipulation, so no ETFs for anyone. In a September 2019 interview with CNBC, former SEC chair Jay Clayton said, "How do we know ... (full story)

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  • Category: Fundamental Analysis