Jan van Eck, founder and CEO of US-based asset management company VanEck, said the company has no plans to abandon the launch of a direct-to-Bitcoin ETF.
During the podcast The Scoop, Jan van Eck emphasized that at the moment the US regulators are not ready to approve such funds. However, the company is closely watching the reactions of regulatory authorities and sees a noticeable “warming” in attitudes towards cryptocurrencies.
“For me, it was an extremely positive signal a letter to the SEC, signed by both Democrats and Republicans, regarding the approval of the Bitcoin ETF. I also noticed that there was no negative information background regarding the approval of such funds, ”said Jan van Eck.
The VanEck CEO also drew analogies to gold ETF approval in the last century. Then the attitude of the regulators was very similar – funds for gold futures were approved earlier than funds with direct purchases of the precious metal.
While regulators continue to be extremely wary of digital assets, Jan van Eck sees a significant improvement in the situation:
“I would say that if it wished, the SEC could act much more aggressively towards the cryptocurrency industry. I think regulators want to support innovation. And in that sense, I think it has been a great year for the US cryptocurrency industry. ”
Recall that in mid-November, the SEC rejected VanEck’s application to launch an ETF with direct investments in bitcoin.
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