VanEck CEO says its spot bitcoin ETF should trade on Thursday: CNBC | Headlines | News | CoinMarketCap
01/09/2024 22:20
VanEck's CEO said his firm's spot bitcoin exchange-traded fund should begin trading on Thursday, echoing other firms that expect the Securities and …
VanEck's CEO said his firm's spot bitcoin exchange-traded fund should begin trading on Thursday, echoing other firms that expect the Securities and Exchange Commission to greenlight those products in the coming day.
"You believe it's going to start trading Thursday," the CNBC host asked during a segment on Tuesday morning.
"Yeah," said CEO Jan van Eck.
Asset managers have been vying for a spot bitcoin ETF for months, and updated forms have been rapidly filed as they get closer to potentially obtaining approval from the SEC for what would be the first spot bitcoin ETF in the U.S.
Valkyrie Investments is also anticipating a decision soon, telling The Block that they expect the SEC will deem ETFs effective at the end of the business day on Wednesday with trading to begin on …