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Expert Opinion: Bitcoin ETF Clock Resets Itself as VanECK resubmits Application to SEC

“This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro”

Key Highlights:

  • 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…

Read Full Story : Coingape

2019-02-02 06:58:17

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