Their previous ETF filings have been rejected under former Chairman Jay Clayton’s leadership.
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VanEck has likely filed this new application in hopes that the new leadership at the SEC is more friendly towards Bitcoin than Jay Clayton was.
This month the SEC will be replacing Chairman Jay Clayton, six of his Directors from each SEC division, the SEC’s Chief Economist and the SEC’s General Counsel.
President Donald Trump has appointed Elad Roisman, who some have called pro-crypto, as the Acting Chairman until an official replacement is chosen. Former Vice President Joe Biden has not named a potential successor.
Depending on who presides over this ETF application we could finally see a Bitcoin ETF become a reality.
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