The SEC will have 2 new commissioners (out of 5) by the end of this year. Big chance for a change of opinion on ETF approval for next year (or earlier).

One commissioner, Michael Piwowar, just stepped down this month and another, Kara Stein, is currently overstaying their current term which ended June 2017 (they are allowed to overstay for 18 months if their replacement has not been approved). The dissenting commissioner, Hester M. Peirce, who thought that the Bitcoin ETF should have been approved, will be on the commission until at least June 2020.

From looking at the SEC website, drafting an official decent is VERY RARE. Plus, considering that the VanEck ETF has such a high share price, it truly is only for accredited investors, which are normally given leeway when it comes to risky investments.

I would say that the Winklevoss ETF disapproval truly has no bearing on the VanEck ETF decision.



Submitted July 27, 2018 at 04:08AM by aviatoraway1 https://ift.tt/2Ltoqm3

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