“This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro”
- VanECK resubmits bitcoin ETF application
- With this resubmission VanECK buys time
- The decision’s new date stands somewhere in August and September
VanECK resets the countdown for Bitcoin ETF approval via a proven masterstroke
Well, the much-anticipated Bitcoin ETF, whose application was pulled out by VanECK last week, has been resubmitted bringing in fresh due dates for the application. The master move from VanECK is clearly a great way buy time and make things work in one’s favor. The first application had a hard deadline for the SEC to approve or reject it by February 27th. By starting the application process over, they’re basically buying themselves a lot more time.
If the previous process was any indication, the world could be looking at a final answer from the SEC by August or September. In the meantime, that should give plenty of time for the market to mature in…
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