‘Zero chance’ of US approving spot bitcoin ETF in 2022 – VanEck
Issuer that had crypto ETF rejected by SEC says nothing will happen until regulators finish turf war
There is “probably zero chance” of the US Securities and Exchange Commission (SEC) allowing an asset manager to issue an exchange-traded fund (ETF) that tracks the price of bitcoin this year, according to one of the companies that has had an application to run a crypto fund rejected by the regulator.
American investors will have to wait until at least 2023 for a spot bitcoin ETF because the SEC is fighting the Commodity Futures Trading Commission (CFTC) for the right to regulate
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