Spot Bitcoin ETF Review by Van Eck

As the Bitcoin Conference in Miami begins, many famous names are also joining the organization. Important names from Michael Saylor to US presidential candidate Robert F. Kennedy, from Jordan Peterson to many famous businessmen take part in the conference. One of these names is Jan Van Eck, CEO of Van Eck, a financial product and investment consultancy firm that has been serving for nearly 70 years.

Van Eck, whose company he manages has applied for a Bitcoin spot ETF many times before and received a rejection, stated that he does not expect the SEC to approve such a product in the short term and said:

Even if the SEC loses the Grayscale case, all they’ll do is keep putting up barriers. I do not expect an approval in the next 1.5 years. There are so many regulatory tools. They will do anything to prevent it.

As it is known, VanEck company has been applying for spot Bitcoin ETFs to the SEC for many years, and it was rejected in all of them. The SEC, which has so far completely rejected spot Bitcoin ETFs, cites market manipulation as a reason for not accepting it. VanEck company had applied for spot Bitcoin ETFs in 2017, 2018, 2019, 2020 and 2021 and was always rejected. The company also applied for an exchange-traded fund based on the futures price of Bitcoin with its “VanEck Bitcoin Strategy ETF” product in late 2021 and was approved by the SEC.