Bitcoin ETF from Van Eck, according to Gabor Gurbacs so tangible as never before. The Chairman for the asset strategy of the company in an Interview said. The planned Bitcoin ETF therefore fulfil all the necessary conditions of the Securities and Exchange Commission approved.
Bitcoin ETF as a lining for the bulls is still high in the course. The “king’s discipline for investors” is to suggest regulatory safety and, in addition, investors from the traditional financial sector and motivate them to invest in crypto-currencies. According to an Interview with Gabor Gurbacs the VanEck-Bitcoin-ETF SolidX are on the verge of to the US securities Supervisory authority SEC (Securities and Exchange Commission) approved. So Gabor told Fox News:
“I don’t know exactly how close we are [to the permit], but we are as close as it gets. For me, it is very clear that America wants a Bitcoin ETF, and we are there for him. We are waiting on regulatory Feedback, and we hope that we can get you approved.“
SolidX Bitcoin ETF: insured and physically stored
The SolidX Bitcoin ETF will be physically stored and insured. The minimum Deposit is 25 BTC (at current BTC rate of about 140,000 US dollars). As Gabor in the Interview emphasized more, be adapted to the template for the complex class exactly to the US-American regulatory conditions:
“He [the Bitcoin ETF] meets all the conditions, which must meet a form of investment for Commodities. […] We have the right facilities and the right market structure – it is time to give America what it wants.“
Furthermore, he does not think that Bitcoin is digital Gold:
“We should not miss the connection to the new financial system. America was the leader in the most robust financial market [of the world]. […] I believe that Bitcoin and other digital Assets play an important role. We need to take this seriously and in the financial markets.“
Read the full Interview here:
VanEck awaiting SEC instruction for bitcoin ETF
Watch this Video on YouTube.
As the requirements of the SEC and what it has with a Bitcoin ETF, you can read it here. Who has not, in the case of an approval, the wherewithal, the money for 25 BTC and still want to invest, you may download the current issue of crypto-compass.