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VanEck Exec on Lack of Bitcoin ETF: ‘What f*ing parallel universe is this?’

He categorically used the word “shitcoins” in regards to the several tokens that Coinbase has added to its platform in recent months, including the Basic Attention Token, Ethereum Classic, and Zcash. In a past era he might have been widely lauded for his Bitcoin maximalism, but in present times Bitcoin dominance is far from a settled fact.

ETF Depends On Actors in the Crypto Economy

According to recent statements by the head of the SEC, the biggest thing holding back the approval of a Bitcoin ETF is the lack of adequate investor protections, in their view, in crypto markets. He also alleged that there is a higher risk of market manipulation in crypto markets, and a recent investigation into Tether and Bitfinex parallells this idea.

Gurbacs followed up his tweet by going more on the offensive against regulators than the coins that Coinbase has been offering.

CCN reported earlier this week that VanEck’s Bitcoin ETF proposal has been delayed until February. The firm has erstwhile expressed “cautious optimism” in regards to its prospects.

For its part, the SEC has said it could be “years” before an actual ETF is approved.

Featured image from Nasdaq.

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VanEck Exec on Lack of Bitcoin ETF: ‘What f*ing parallel universe is this?’

I am a believer of the HODL philosophy because we are still in the nascent stage of blockchain technology. Although we are in a bear market now, my outlook on the adoption and growth of blockchain solutions remains unchanged. Blockchain transactions has been growing exponentially and demand for cryptocurrency like Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Litecoin [LTC] and other Altcoins will only continue to grow exponentially in the next five to ten years.