Anonymous Sources Suggest Bitcoin ETF Approval Is Imminent
October 24, 2018 5:00 AM Discuss Representatives of the investment management firm VanEck, blockchain company SolidX and CBOE have met with officials of the Securities and Exchange Commission (SEC) to inform them that the organization's previous concerns regarding their Bitcoin exchange-traded fund (ETF) applications have been addressed. The application for the VanEck SolidX ETF was initially rejected in early August, and both companies are looking to garner the approval they need. In addition, VanEck has also produced a supporting document highlighting why their ETF should receive a green light. Both VanEck and SolidX have been working hard towards a Bitcoin-based ETF since March 2017, but the journey has been marred with rejections until now.
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