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VanEck’s Spot-Market Bitcoin ETF Is Rejected – SEC Continues To Act to the Detriment of US Investors

VanEck’s Spot-Market Bitcoin ETF Is Rejected – SEC Continues To Act to the Detriment of US Investors



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2 Comments

  1. tldr; The SEC has rejected the spot market-based Bitcoin exchange-traded fund (ETF) that VanEck had hoped to launch. The SEC said that the applicants did not do enough to show that it could prevent fraudulent trading to protect investors. This decision is not a surprise as the SEC chair Gary Gensler had said in the summer of 2021 that the lack of regulation in the Bitcoin world was too great a risk.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. **For individuals it’s anyways recommended to buy actual bitcoin!**

    The futures etf in particular is a product created and sold to keep you in distance to buying actual bitcoin, don’t fall for it. Actually those who invest in such are already seeing way less returns if at all because of the given downsides. Look here:

    https://www.reddit.com/r/Bitcoin/comments/qf4gvv/bitcoin_etfs_success_could_come_at_fundholders

    And here:

    https://www.reddit.com/r/Bitcoin/comments/qik6nt/jpmorgan_explains_why_buying_bitcoin_directly_is

What do you think?

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