SEC Delay VanEck ETF, Crushing Bitcoin Once Again
2018 has seen the production of many ideas for a Bitcoin Exchange Traded Fund (ETF) that could be established to make institutional investment easier for large companies and corporations. The notion of a Bitcoin ETF is that it would make Bitcoin investment more mature and more accessible to big companies, all of whom would no doubt put a lot of money into Bitcoin, should investment be made a little safer for them. This, in essence is exactly what the Bitcoin ETF aims to achieve.
What we have seen through 2018 is a number of applications to open a Bitcoin ETF filed with the United States Securities and Exchange Commission (SEC). These applications have been held for review by the SEC for a number of months, as the SEC cannot decide on the grounds through which they should approve an ETF. This is a heavily unregulated industry and therefore, the SEC don’t have a rule book to refer to, therefore the applications must be reviewed by people, over a long period of time to ensure the…
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