Bitcoin ETF In The US? VanEck's Boss Says 'Forget It'
Portfolio Pulse from Murtuza Merchant
VanEck CEO Jan Van Eck predicts a bleak future for the launch of a Bitcoin-spot ETF in the US, citing the ongoing case between the SEC and Grayscale Investments. He also highlighted recent issues with Ether-futures-based fund filings, suggesting further foot-dragging from the SEC.
May 19, 2023 | 7:35 pm
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VanEck CEO's pessimistic outlook on the approval of a Bitcoin-spot ETF in the US may impact the VanEck Bitcoin Strategy ETF (XBTF), which is based on Bitcoin futures.
Jan Van Eck's pessimistic outlook on the approval of a Bitcoin-spot ETF in the US may negatively impact the VanEck Bitcoin Strategy ETF (XBTF), as investors may perceive this as a sign of regulatory hurdles and potential delays in the approval of similar products. This could lead to reduced interest and investment in XBTF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80