VanEck, Valkyrie CEOs confident that Bitcoin spot ETF will start trading on Thursday

10 months ago 52

Judgment of upcoming ETFs

As the SEC decision on the Bitcoin (BTC) spot ETF approaches, the CEOs of VanEck and Valkyrie expect their ETFs to begin trading this Thursday, US time.

Van Eck CEO Jan van Eck said on Tuesday’s CNBC show that trading should begin on Thursday.

Additionally, Valkyrie CIO Steven McClurg said in an interview with The Block, “We expect the SEC to approve the ETF after the market close on Wednesday (10th), and to begin trading on Thursday morning. “There is,” he said.

Last Saturday, it was reported that the head of BlackRock also expected the ETF to be approved this Wednesday. It appears that there was a strong basis for the confident forecasts made by these issuers.

connection: BlackRock expects Bitcoin spot ETF approval this week

Re-application amendment proposal

VanEck and BlackRock also filed another S-1 Form amendment with the SEC yesterday.

The reason for this is that the SEC recently received comments regarding insolvency and conflicts of interest in ETFs, and the proposed amendments were intended to address these concerns. Bloomberg’s ETF experts don’t see anything that would delay applications.

Chairman Gensler’s warning

On the 8th, SEC Chairman Gary Gensler, a virtual currency skeptic, once again cautioned against investing in virtual currencies on X (formerly Twitter).

The committee chairman asserted, “Virtual currency investments and services may not comply with securities laws and other laws.” He also stated that investors in virtual currency securities should understand that they may not be provided with important information or protections.

connection: U.S. SEC Chairman Gensler warns of caution in virtual currency investment as expectations rise for approval of BTC spot ETF