Investors aren’t likely to see a Bitcoin-spot exchange-traded fund offered in the US anytime soon, according to VanEck Chief Executive Officer Jan Van Eck.
“No chance,” Van Eck said as part of a panel at the Bitcoin 2023 conference in Miami Beach on Thursday. “Even if the SEC loses the Grayscale litigation, they’ll just drag their feet. So I just don’t see that in the next year and a half.” Van Eck was referring to asset-manager Grayscale Investments’s ongoing lawsuit against the US Securities and Exchange Commission in which it’s attempting to convert its Bitcoin trust into an ETF.
Source: Crypto’s Bitcoin-Spot ETF Unlikely in US Near Future, VanEck’s Jan Van Eck Says – Bloomberg