No US Bitcoin-Spot ETF Anytime Soon, Van Eck Says: Crypto in DC

There is “no chance” that investors will see a Bitcoin-spot exchange-traded fund offered in the US anytime soon, VanEck Chief Executive Office Jan Van Eck said, noting longstanding opposition from the Securities and Exchange Commission.

The crypto industry has long sought to launch a Bitcoin ETF in the US. Regulators have continued to reject applications for such a product, however, citing factors including market manipulation.

A Bloomberg News survey of 60 major crypto companies in the first quarter found that many lack basic guardrails such as an outside auditor or an independent board of auditors, underscoring governance ...