SEC’s Cash Only Restriction for Spot Bitcoin ETF Is Nonsense, Says Vaneck Director


Vaneck Director: Nonsense to Restrict Spot Bitcoin ETFs to Cash OnlyA director of digital assets strategy at asset management firm Vaneck says the U.S. Securities and Exchange Commission (SEC)’s cash-only requirement for spot bitcoin exchange-traded funds (ETFs) is “nonsense.” He predicted that it would not hold out for long since publicly listed companies already hold billions of dollars in bitcoin on their balance sheets. ‘The […]