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Bitcoin

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<p>In recent years, the Securities and Exchange Commission (SEC) has fiercely opposed the creation of a Spot Bitcoin ETF. Some exchange-traded fund (ETF) experts believe that this trend is not going to change anytime soon.</p><div class="thumbnail post-cover-image"><img src="https://www.cointribune.com/app/uploads/2023/05/ETF-bitcoin-1024x683.png" srcset="https://www.cointribune.com/app/uploads/2023/05/ETF-bitcoin-1024x683.png 1024w, https://www.cointribune.com/app/uploads/2023/05/ETF-bitcoin-300x200.png 300w, https://www.cointribune.com/app/uploads/2023/05/ETF-bitcoin-768x512.png 768w, https://www.cointribune.com/app/uploads/2023/05/ETF-bitcoin.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" class="post-cover-image--img" alt="A coin representing the bitcoin with the mention Spot ETF bitcoin"></div><div class="my-4"></div>



<h2 id="h-no-chance-of-a-spot-bitcoin-etf-emerging-in-the-united-states">No chance of a Spot Bitcoin ETF emerging in the United States</h2>



<p>The question of <a href="https://www.cointribune.com/voici-pourquoi-la-sec-desapprouve-la-creation-des-etf-spot-bitcoin/" target="_blank" rel="noreferrer noopener">exchange-traded funds on Bitcoin</a> is a sticking point that divides the SEC and the crypto industry. The regulator has been particularly unfavorable towards their creation. As a result, all attempts in this direction have simply been blocked by the SEC.</p><div class="my-4"><div class="ads ">
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<p>During the Bitcoin 2023 conference held last week, Jan van Eck was asked about the issue, specifically whether the regulators’ position could eventually change. <a href="https://cryptonews.com/news/vaneck-ceo-says-no-chance-future-of-spot-bitcoin-etf-us.htm" target="_blank" rel="noreferrer noopener">His response</a> was straightforward. “<em>No chance!</em>” he exclaimed.</p>



<p>If the CEO of the investment and asset management company VanEck’s response seems abrupt, it’s not without reason. So far, no company that has initiated such a procedure with the SEC has succeeded. </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<div class="entry-content-asset"><div class="social-embed-container"><blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;" /> VanEck CEO says “no chance” on the future of a Spot Bitcoin ETF in the US.<a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoNews</a> <a href="https://twitter.com/hashtag/Stonks?src=hash&amp;ref_src=twsrc%5Etfw">#Stonks</a><a href="https://t.co/hPz1sQ44VC">https://t.co/hPz1sQ44VC</a></p>— Cryptonews.com (@cryptonews) <a href="https://twitter.com/cryptonews/status/1660704410987536400?ref_src=twsrc%5Etfw">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></div>
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<p>The most recent one, Grayscale, has even taken legal action against the regulator. The company argued that the SEC’s refusal is deeply discriminatory because the market manipulation risk associated with Spot Bitcoin ETFs, as mentioned by the SEC, is inconsistent. This is because other sectors with the same level of risk have been successful.</p>



<p>For now, the court has yet to settle the debate. However, Jan van Eck believes that even if Grayscale wins the lawsuit against the SEC, the crypto industry is not out of the woods. “Even <a href="https://www.cointribune.com/proces-contre-la-sec-grayscale-pourrait-gagner-a-70-selon-un-analyste-chez-bloomberg/" target="_blank" rel="noreferrer noopener">if the SEC loses a Grayscale litigation</a>, they’ll just drag their feet, appeal. So I just don’t see that in the next year and a half,” stated the executive.</p>

Why is the SEC blocking the Spot Bitcoin ETF? Expert’s response

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