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US SEC Puts VanEck Bitcoin ETF Proposal up for Discussion

The Securities and Exchange Commission has put VanEck’s ETF ( Exchanged-traded fund) proposal for discussion. The institution now has a 45-day window to approve, deny, or even extend the review process to at least 240 days
VanEck’s proposal was published on the SEC’s official website. Several companies and investment firms have been trying since 2017 to launch a Bitcoin ETF, filing numerous proposals over time. All of them were rejected by the regulatory body, citing “market manipulation” and “extreme volatility”.
Will We Finally See a Bitcoin ETF?
VanEck, an American investment giant, made several attempts to launch a Bitcoin ETF. As reported by CryptoPotato, in December last year, VanEck filed for an S-1 form with the SEC to launch its first Bitcoin ETF, called VanEck Bitcoin Trust.
Weeks ago, the Chicago Board Options Exchange (Cboe) filed with the SEC to enlist Vaneck’s Bitcoin proposal, trading on the Cboe BZX Exchange if approved. The proposal has been resubmitted multiple times. After several failed attempts, If the SEC approves Vaneck’s proposal, it would become the first Bitcoin open-traded product in the U.S.
It’s worth noting that the United States is one of the countries with a serious interest in cryptocurrencies, especially Bitcoin. The first stimulus checks in May 2020 were $1,200. Soon after, popular crypto exchange Coinbase registered peak deposits from Americans using their stimulus checks to invest in crypto.
Light at the End of the Tunnel
There is a probability, even though at this point it’s rather speculative, …
Story continues on Crypto Potato

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