After several unsuccessful attempts at the creation of a bitcoin ETF, SEC Commissioner Robert J Jackson Jr. said in an...
In 2021, firms who had stayed alive through the initial pandemic became giants: fintechs became banks, banks became super apps, and super apps became some of the most successful public companies in the world.
ProShares and VanEck have both decided to withdraw their ETF filings with the SEC; VanEck filed for an actively managed Bitcoin Strategy ETF and ProShares said it was launching a suite of bitcoin ETFs; neither company responded to requests for comment; it is widely believed that bitcoin ETFs are the next step for the new currency. Source.
In March the Securities and Exchange Commission denied approval for a Bitcoin ETF by the Winklevoss twins because they said too many bitcoin markets were unregulated; with recent futures markets at the CBOE and CME starting there is new hope for ETF approvals; previous filings for ETFs are now being refilled and newer ETFs are being filed as recently as late last week; there has been similar products in Canada and Switzerland with both trading at premiums. Source.