The CEO of investment company VanEck, which has approximately $82 billion in assets under his management, stated that it is not possible to implement a spot Bitcoin (BTC) exchange-traded fund (ETF) in the USA in the near future.
held in Miami At the Bitcoin 2023 conference Speaking from VanEck CEO Jan VanEck About the spot Bitcoin ETF a pessimistic image he drew. Between the lines of his speech, this type of ETF is currently under pressure from US regulators on the cryptocurrency industry. making it impossible gave place.
investment company VanEckin total in the past 3 times has applied for a spot Bitcoin ETF, but each time the U.S. Securities and Exchange Commission (SEC) was blocked.
Van Eck, the ongoing conflict between Grayscale and SEC in the last week. Ethereum (ETH) focused ETF pointing to the struggle of the SEC on the issue. your tough demeanor reminded. Even if Grayscale legally wins in this fight, the CEO says the SEC’s will try all means to prolong the process and delay the ETF. stressed:
Even if the SEC Grayscale loses its case, it will do everything it can to prolong the process. Therefore, it would not be right to expect such an ETF in the next year and a half at least. They have too many regulatory tools at their disposal to delay the process.