Following the approval of BTC spot-based ETFs, Ethereum supporters are hopeful that their ETH token will also get the nod, painstakingly awaiting the decision, which they expect to come in spring.
VanEck's spot BTC ETF application remains in limbo as the SEC pushed back on its decision on whether or not to approve the digital assets, citing the market's susceptibility to manipulation.
SEC denied VanEck's application for a proposed rule change since it hadn't met its "burden" to prevent fraud, manipulative acts and practices, and protect investors and the public's interest.
The SEC has delayed its decision on the VanEck BTC Trust–a BTC ETF–by 45 days and is looking for public comments on the matter.
VanEck has filed for a digital asset ETF that will track the MVIS® Global Digital Assets Equity Index rather than any underlying digital asset.
An ETF proposal from VanEck/SolidX, filed with Cboe BZX Exchange, was published in the Federal Register, marking the first time since August 2018 that more than one ETF proposal is under review.
