VanEck SolidX Pushes for Bitcoin ETF Approval in Latest Meeting with SEC

The VanEck SolidX Bitcoin Trust has met with the Securities and Exchange Commission (SEC) to make its latest case for a bitcoin exchange-traded fund (ETF).

Where It All Began

The journey of VanEck SolidX can be traced back to March of last year. The organizations first joined together to form the Bitcoin trust venture and potentially push for the world’s first Bitcoin ETF. Their first application to the SEC was outright rejected, and it would ultimately take about two more attempts before the SEC gave executives the attention they deserved.

The organization didn’t say “no” this time. In fact, officials seemed genuinely interested in the idea and even consulted industry experts to gather information on the ETF and its prowess. Furthermore, the SEC also posted the application for public comment – eager to see if both traditional and institutional investors would be interested in taking part in the ETF.

The ETF Is a Good Thing

The application was met with positive acclaim…

Read Full Story : Live Bitcoin News

2018-12-02 05:00:16

You Might Be Interested In


Your email address will not be published. Required fields are marked *