Altcoin News: SEC Begins Consideration of VanEck and SolidX Bitcoin ETF Application

February 20, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The US Securities and Exchange Commission (SEC) simultaneously reviews several applications for Bitcoin ETFs.

A joint offer of VanEck and SolidX appeared in the Federal Register, joining another Bitcoin ETF application filed by Bitwise Asset Management and NYSE Arca and published last week in the Registry.

Gabor Gurbacs, director of digital asset strategy at VanEck, said that, in his opinion, Bitcoin ETF approval is in the public interest.

According to him, the company is actively working with regulators, as well as with other major market participants, “to bring simplicity, transparency and professional market standards to digital assets”.

VanEck hopes that this collaboration will bring a regulated product to the market with access to digital assets.

“I hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes,” said Gurbach.

Recall that last week, at the request of the SEC, Reality Shares withdrew an application for ETF, which would allow the company to invest in Bitcoin futures. This happened only a few days after the proposal was first submitted to the commission.

It is worth noting that at the beginning of the month, SEC Commissioner Robert J. Jackson Jr) stated that the emergence of a Bitcoin ETF is inevitable.

Author: Marko Vidrih