The SEC disclosed that the VanEck Bitcoin ETF application entered the review process, and the regulator now has 45 days to approve or reject the application or extend the review period.
Since the Winklevoss brothers applied to the SEC for a Bitcoin ETF in 2013, countless companies have made similar attempts, but the door of the US Bitcoin ETF has never been opened. The U.S. Securities and Exchange Commission (SEC) has rejected all Bitcoin ETF applications. , Which also includes VanEck’s first application, citing potential market manipulation issues and a series of other concerns.
And the attitude of some institutions towards Bitcoin ETFs is just saying no to it, but the body is very honest. Grayscale Investments CEO Michael Sonnenshein made it clear in an interview with Business Insider that the key question for the US SEC to approve cryptocurrency ETFs is "when" rather than "whether", but these decisions are ultimately in the hands of regulators. Considering that to a certain extent, it actually means that it has been well prepared and is ready to order. Grayscale is hiring 9 ETF-related experts, which has triggered speculation in the industry about its plans to apply for a Bitcoin ETF.
Last week Valkyrie Digital Assets also submitted a fund filing application form to the US Securities and Exchange Commission (SEC). The fund is called Valkyrie Innovative Balance Sheet ETF (Valkyrie Innovative Balance Sheet ETF), which aims to invest in those who directly hold bits. Bitcoin, or indirectly invests, trades, or otherwise comes into contact with Bitcoin and companies operating in the Bitcoin ecosystem.
In contrast, the Canadian financial market has already taken a step ahead on the path of Bitcoin ETFs. Purpose Investment’s first Bitcoin ETF was listed in mid-February. Last Saturday it tweeted that its Bitcoin ETF (BTCC ) In the past week, it has increased its holdings by 1,683 bitcoins. The fund currently holds 13,128.5631 bitcoins, which is currently valued at nearly 800 million U.S. dollars.