VanEck etc. bitcoin ETF application direction of the United States Commission latest demonstration

When the chain (micro signal: ChainDD) December 1st hearing, including VanEck, SolidX and Cboe, the largest U.S. options exchange, three companies jointly apply for a bitcoin ETF listed this week to the U.S. Securities and Exchange Commission (SEC), the Ministry of finance business and marketing, economic and risk analysis and Legal Consultant Office the latest demonstration, trying to prove that the bitcoin market has made ETF transaction preparation.

CoinDesk reported that, unlike previous demonstration, the demonstration of the three institutions is more focused on the regulation, mainly around the bitcoin market is mature enough, can support ETF, ETF and other owned asset market, give a lot of existing ETF assets, including crude oil, gold and silver.

Special presentations to contact, for gold and silver money substitutes, futures market and spot market linkages can be proved by empirical evidence and pointed out that this kind of price cointegration “is a good evidence for the operation of the capital market”.

Three agencies said, similar to bitcoin commodity futures, spot and futures prices are closely linked, once again provides a well functioning capital market evidence”. On the other hand, they think that other commodities have been compared in support of ETF, bitcoin ecosystem “is less susceptible to manipulation”.

When App news chain mentioned, VanEck SolidX Bitcoin Trust is widely regarded as the most likely approved bitcoin ETF. In September this year, SEC launched the approval process, postponed until February next year before making a final decision.

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