The U.S. Securities and Exchange Commission (SEC) has dealt Bitcoin ETF (exchange-traded fund) proponents a new hurdle they must overcome before they can receive regulatory approval to begin the process of listing their funds on public exchanges.
Earlier this week, VanEck Vectors ETF Trust submitted a letter to the SEC withdrawing its application for a Bitcoin ETF. In the letter, VanEck noted that SEC staff had indicated the agency would not review a fund application if the “underlying instruments in which the fund intends to primarily invest are not yet available.”
Read More: http://strategiccoin.com/bitcoin-etf-plans-hit-with-regulatory-setback/
Earlier this week, VanEck Vectors ETF Trust submitted a letter to the SEC withdrawing its application for a Bitcoin ETF. In the letter, VanEck noted that SEC staff had indicated the agency would not review a fund application if the “underlying instruments in which the fund intends to primarily invest are not yet available.”
Read More: http://strategiccoin.com/bitcoin-etf-plans-hit-with-regulatory-setback/
