VanEck Director Thinks The SEC Is On The Verge Of Approving Its Bitcoin ETF

in #bitcoin7 years ago

image.png
PHOTO SOURCE: AMBCRYPTO.COM

Ambcrypto, citing an interview by CNBC Crypto Trader, reported that Gabor Gurbacs, the Director of Digital Asset Strategy for VanEck- a global investment management firm- opined that the United States Securities and Exchange Commission (SEC) will approve the company's Bitcoin ETF soon.

According to Ambcrypto, Gurbacs cited "VanEck’s history of building the right market structure for asset classes" as one of the reasons for his view that VanEck's Bitcoin ETF is nearing approval by the SEC.

Gurbacs said: "The pricing... that we use for Bitcoin comes from our indexing subsidiary, which is a regulated entity... I do believe that America wants a Bitcoin ETF and at this point the world wants a Bitcoin ETF."


For Steemians who wish to secure regular upvotes for your article contributions to Steemit, you may wish to join Steem Basic Income.

For more information, please refer to below link:

Steem Basic Income Frequently Asked Questions