VanEck Exec’s Hilarious Rant on SEC’s Bitcoin ETF Delay – You Won’t Believe This!

A Frustrating Farce, Says VanEck’s Sigel

On the fateful day of April 3, 2025, the Chicago Board of Exchange (Cboe) filed a proposed rule change to list options trading on the VanEck Bitcoin ETF (HODL). For those unacquainted with the intricacies of financial jargon, options trading is akin to granting investors a golden ticket to buy and sell an asset at a specific price before a certain date. Quite the privilege, wouldn’t you agree? 🎟️

Following the resounding success of the US Bitcoin Spot ETFs, options trading emerged as a potential mode of market expansion, with several asset managers eagerly submitting applications to offer options to their respective ETFs. It’s a veritable buffet of financial opportunities! 🍽️

This was the first decision date, so it has not been rejected, just delayed, even though the SEC’s initial comments were addressed. It’s the lack of any feedback that is particularly irksome…

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2025-05-25 13:12