The Securities and Exchange Commission has until Nov. 14 to give a thumbs up or thumbs down to the VanEck Bitcoin ETF, the first exchange-traded fund in a long line of “spot” bitcoin ETFs that have applications in front of the regulator.
The SEC has delayed a decision on the application twice before, but now that a maximum 240-day review period is over, they must decide.
The ETF and bitcoin community are not optimistic.
“I think there is literally zero chance of passage in the next three years,” Dave Nadig, director of research at ETF Trends, told me.
