Don’t Count on Decentralization to Rule Crypto Out as Security: VanEck Exec
VanEck's Gabor Gurbacs has questioned whether being "sufficiently decentralized" means a crypto is not a security, as suggested by SEC execs.
VanEck and SolidX aim to launch a limited bitcoin ETF for institutions in the U.S. later this week, but retail investors will be locked out.
The U.S. Securities and Exchange Commission (SEC) has again delayed a decision on a bitcoin exchange-traded fund (ETF) proposal.
VanEck and SolidX just pulled their bitcoin ETF proposal a month before the SEC would have to approve or reject it.
A filing from the SEC Tuesday did not advance one of several bitcoin ETF proposals currently waiting for regulatory sign-off.
The SEC has extended its review period of the Bitwise bitcoin ETF proposal, filed in conjunction with NYSE Arca.