SEC’s Opposition to Bitcoin Spot ETFs Likely to Persist, Says VanEck CEO

Jan Van Eck, the CEO of VanEck, a global investment management firm, has expressed a pessimistic outlook for the introduction of a Bitcoin-spot exchange-traded fund (ETF) in the United States . Despite the ongoing legal dispute between the US Securities and Exchange Commission (SEC) and Grayscale, Van Eck believes that the launch of a Bitcoin-spot ETF in the near future is highly unlikely .
In fact, he stated that there is “no chance” of such an ETF being introduced anytime soon . Van Eck expects the SEC to continue dragging its feet even if the regulatory agency loses the litigation indicating that significant delays and regulatory hurdles are anticipated within the next year and a half .

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