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‘Uber competitive’: Local bitcoin fund on SEC’s ETF decision

The Vault International Bitcoin Fund prepares to cut its fees after the US Securities and Exchange Commission approved 11 bitcoin spot ETFs last week.

Key points
  • What’s at stake: Local bitcoin/crypto fund operators face increased competition after SEC approves bitcoin ETFs.
  • Background: The US Securities and Exchange Commission approved 11 spot bitcoin ETFs, which enable retail investors to get exposure to bitcoin without having to own the crypto asset directly.
  • Key players: Vinnie Gardiner, Vault International Bitcoin Fund, SEC, Garry Gensler, Crossgate Capital.

A local bitcoin fund is confident it can compete with newly approved exchange traded funds (ETFs) that track the price of the world’s most valuable cryptocurrency.

The US Securities and Exchange Commission approved 11 applications from fund providers to list their spot bitcoin ETFs last week. 

The

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Key points
  • What’s at stake: Local bitcoin/crypto fund operators face increased competition after SEC approves bitcoin ETFs.
  • Background: The US Securities and Exchange Commission approved 11 spot bitcoin ETFs, which enable retail investors to get exposure to bitcoin without having to own the crypto asset directly.
  • Key players: Vinnie Gardiner, Vault International Bitcoin Fund, SEC, Garry Gensler, Crossgate Capital.
‘Uber competitive’: Local bitcoin fund on SEC’s ETF decision
Tech & Innovation,
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