The Bitcoin (BTC) exchange-traded fund (ETF) proposed by money management group VanEck and crypto startup SolidX is close to obtaining a regulatory nod from the US Securities and Exchange Commission (SEC), according to Gabor Gurbacs, VanEck head of digital asset strategies.
“We are the closest that we can be. It is very clear to me that America wants a bitcoin ETF and we are here to build it. We are waiting for regulatory feedback and we are hoping that we get the thumbs up,” Gurbacs told Fox Business on Wednesday.
He added that the proposed VanEck-SolidX ETF is insured and physically backed by Bitcoin, priced by VanEck’s regulated subsidiary pricing source, MVIS, and meets “every requirement that commodity type of fund would need.”
SolidX filed for a Bitcoin ETF to be listed on the New York Stock Exchange (NYSE)...
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