SEC Will Not Review ETFs Based on Exchange Traded Bitcoin Derivatives Until They Exist

The U.S. Securities and Exchange Commission (SEC) has told leading gold fund management firm VanEck that it will not review the firm’s registration statement for a Bitcoin ETF. The “VanEck Vectors Bitcoin Strategy ETF” seeks to invest in U.S. exchange-traded bitcoin derivative products, which are currently unavailable. In response to the SEC’s request, the firm withdrew its application. Also…

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