New York investment management company SEC has told the Securities and Exchange Commission (VanEck) its proposed bitcoin exchange traded funds would offer exposure via regulated and monitored bitcoin futures, potentially easing fears about funds linked to the digital currency. Last year the VanEck turned down attempts by SEC and finch SolidX to launch ETFs, and said it had questions that needed answering before it would allow such a move. In a written response, SEC said linking the ETFs to a regulated investment product would "protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation".
New York investment management company VanEck has told the Securities and Exchange Commission (SEC) its proposed bitcoin exchange traded funds would offer exposure via regulated and monitored bitcoin futures, potentially easing fears about funds linked to the digital currency. Last year the SEC turned down attempts by VanEck and finch SolidX to launch ETFs, and said it had questions that needed answering before it would allow such a move. In a written response, VanEck said linking the ETFs to a regulated investment product would "protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation".