The global custodian would custody ETF shares and provide fund accounting if the ETF approved by the SEC.
The SEC now has 45 days to either approve or disapprove the application, or extend the review period.
So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all.
The VanEck Vectors Bitcoin ETN is now trading on the trading on the Deutsche Boerse Xetra.
Bitcoin’s price volatility spiked in January and could further increase over the near term because “whales” have begun accumulating coins.
VanEck and SolidX just pulled their bitcoin ETF proposal a month before the SEC would have to approve or reject it.
VanEck and SolidX aim to launch a limited bitcoin ETF for institutions in the U.S. later this week, but retail investors will be locked out.
The U.S. Securities and Exchange Commission (SEC) has again delayed a decision on a bitcoin exchange-traded fund (ETF) proposal.
A filing from the SEC Tuesday did not advance one of several bitcoin ETF proposals currently waiting for regulatory sign-off.
The SEC has extended its review period of the Bitwise bitcoin ETF proposal, filed in conjunction with NYSE Arca.
VanEck's Gabor Gurbacs has questioned whether being "sufficiently decentralized" means a crypto is not a security, as suggested by SEC execs.
There are two bitcoin ETFs under review by the SEC, after the VanEck/SolidX proposal was published in the Federal Register Wednesday.
The VanEck/SolidX bitcoin ETF proposal is slated for publication in the Federal Register tomorrow, giving the SEC 45 days to approve, reject or extend a decision on it.
Cboe has re-filed the VanEck/SolidX bitcoin ETF proposal, which it previously withdrew due to the U.S. government shutdown.
There are no bitcoin ETF proposals currently sitting before the SEC, but one may still be approved before 2020.