RATE Group | Crypto Really (Really) Wants a Bitcoin ETF
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Crypto Really (Really) Wants a Bitcoin ETF

24 Jul Crypto Really (Really) Wants a Bitcoin ETF

Posted at 07:02h in Bitcoin News by

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The crypto universe has spoken: they want a bitcoin ETF and they want it now.

As CoinDesk previously reported, the Securities and Exchange Commission (SEC) sought comments earlier this summer on the latest effort to get an exchange-traded fund tied to bitcoin approved and listed.

That comments period is now closed, and the SEC is ostensibly going over the input it received – but what the agency ultimately decides is anyone’s guess.

These comments are just a snippet of the 250 that have been made in light of a proposed rule change that would, if approved, give permission to Cboe and blockchain technology firm SolidX to launch a regulated bitcoin ETF.

Dubbed the VanEck SolidX Bitcoin Trust, the proposed ETF would be priced from a bundle of crypto-assets that fluctuates in value primarily in accordance with over-the-counter trading desks, as opposed to online cryptocurrency exchanges.

In addition, SolidX would offer insurance for investors covering loss or theft of bitcoins…

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