The USA exchange authority, the SEC denied the BTC-based ETFs many times, but experts think, it’s only a matter of time the approval. VanEck already tried with an ETF, and now, they think, this is the right time for the next attempt.
The ETF, or “exchange-traded fund” is a traditional financial product, that follows the price of the underlying asset. With a regulated BTC ETF by a traditional issuer, investors will be able to allocate money to bitcoin, without dealing directly with the crypto market. But ETFs have many requirements to match, and the bitcoin ETF can’t absolve this, so it was denied every time. Now, we are waiting for success.