SEC proposes decision on VanEck bitcoin-ETF from to september.
The U.S. Securities and Exchange Commission’s (SEC) is an independent federal government agency, which is responsible for protecting investors, maintaining fair and orderly functioning of securities markets and facilitating capital formation. A global investment money manager bases in New York City, called VanEck, would like to put a product, VanEck bitcoin-ETF, on the market. A bitcoin-ETF just track the bitcoin benchmarket index. So you don’t have bitcoins in your wallet. There will be maximum 21 million mined bitcoins on the market. An ETF can be a good sollusion for someone who want bitcoins, but there are no bitcoins available on the cryptocurrency market. In short, if there are no bitcoins available, then you can track the bitcoin benchmarket with an ETF. But the SEC has to approve it first
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