RATE Group | VanEck, SolidX Make Case for Bitcoin ETF at Latest Meeting With US SEC
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VanEck, SolidX Make Case for Bitcoin ETF at Latest Meeting With US SEC

30 Nov VanEck, SolidX Make Case for Bitcoin ETF at Latest Meeting With US SEC

Posted at 23:46h in Bitcoin News by

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The U.S. Securities and Exchange Commission (SEC) has published a memorandum Nov. 28 of the latest meeting regarding a Bitcoin (BTC) exchange-traded-fund (ETF) proposal. The application was originally brought to the commission by U.S. investment firm VanEck and blockchain software and financial services company SolidX.

According to the memorandum, representatives from VanEck and SolidX, as well as from the Chicago Board Options Exchange (CBOE) met with members of the SEC’s Division of Corporation Finance, Division of Trading and Markets, Division of Economic and Risk Analysis and Office of General Counsel Nov. 26.

As previously reported, in June 2018, VanEck joined SolidX to apply for a physically-backed Bitcoin ETF to be listed on CBOE’s BZX Equities Exchange: its approval or disapproval is still pending since the SEC postponed its decision this August.  

At the center of the presentation’s argument was a comparison of Bitcoin as a commodity with more traditional assets —…

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