Why the SEC will approve the Bitcoin ETF from VanEck in 2019? 5 reasons for confidence
Source:
Representatives of SolidX, VanEck and the CBOE held a meeting with the Commissioner of the SEC by Elad Roizman. They discussed the main reasons why the SEC should approve the Bitcoin ETF from VanEck, and SolidX. The new York investment company VanEck decades of experience in the traditional financial sector, under the brand of the company held a listing of hundreds of ETFs on different instruments. Representatives of the SEC outlined some points that the Commission needs to take into account when considering the application for a Bitcoin ETF.
-
the
- there is Already an impressive size regulated derivatives market for bitcoins. the
- Adjustable related markets — CBOE, Bitcoin futures, OTC platforms. the
- is much less concerns about possible manipulation of the price. the
- Inclusion in the rules of CBOE oversight of potential fraud with the shares of the trusts.
The launch of the ETF will contribute to the protection of investors ' interests.
During the talks, VanEck, SolidX and CBOE SEC is convinced that the futures market can cope with the work of the ETF through the Depository trust and clearing Corporation (DTCC). It is best suited for this task, especially given the fact that participation in the negotiations with the regulator.
Representatives VanEck drew the attention of the Commission that the approval of the ETF would reduce counterparty risks for investors. In addition, it will positively impact market stability.
thehave More chances VanEck
In recent months, analysts gave VanEck and SolidX more chances . Perhaps this is due to the successful track record of the company. In addition, the company has repeatedly received the approval of the ETF from the SEC on other tools.
Not long ago, the SEC ETF for Bitcoins just because of the strong dependence of the base price from the quotations on their own public exchange, Gemini. Then, the SEC considered that cryptocurrency exchanges do not have the level of control and insufficient liquidity to operate the ETF.
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