The SEC Will Determine the Future of Bitcoin ETF Soon

Gabor Gurbacs, who is responsible for VanEck’s digital assets, said that chances of approving the launch of a Bitcoin ETF digital asset have increased significantly. There is also a crypto start-up, SolidX, which is anticipating a response from the US Securities and Exchange Commission (SEC).

“We are the closest that we can be,” he said during an exclusive interview on “Countdown to the Closing Bell” on Wednesday. “It is very clear to me that America wants a bitcoin ETF and we are here to build it.”

He added that proposed to VanEck and SolidX Bitcoin ETF will satisfy all the requirements that these types of commodity funds must meet. Also, the new cryptocurrency will be insured and physically backed by Bitcoin.

We remind you, that the application from SolidX, sent in March 2016, in order to skip Bitcoin ETF to the New York Stock Exchange was rejected. VanEck decided to support SolidX’s initiative in June 2018 with a proposal to develop a joint tool for the launch at Bats BZX Exchange platform, which is administered by the Chicago Board Options Exchange (CBOE).

A month ago, the SEC criticized the new tool, but SolidX and VanEck quickly found the answers, which eliminated the accusations of the regulator. Based on this, analyst Kruger guessed, that Bakkt and Bitcoin ETF exchange will soon take place in cryptocurrency market.

VanEck and SolidX Are Waiting for the SEC’s Decision Concerning Their ETF

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