CEOs of Spot Bitcoin ETF Hopefuls Expect Trading to Begin Thursday
Two CEOs of spot Bitcoin ETF applicants have come forward to state that they believe their firms’ ETFs should start trading on Thursday, according to recent media appearances made by the crypto executives.
When asked whether he believed trading would start for his firm’s spot Bitcoin ETF on Thursday during a Tuesday morning appearance on CNBC, VanEck CEO, Jan van Eck, replied “yeah.”
Similarly, Valkyrie co-founder and CIO Steven McClurg told The Block that he expects “the SEC will deem the ETFs effective at close of business Wednesday and the trading to begin on Thursday morning.”
McClurg and van Eck’s comments come amidst recent statements posted on X by SEC chair Gary Gensler related to cryptocurrency investments.
On January 8th, Gensler published an original post on X featuring details about “things to keep in mind if you’re considering investing in crypto assets.”
“If you’re considering an investment involving crypto assets, be cautious,” wrote Gensler in an additional post on January 9th. “Crypto asset securities may be marketed as new opportunities but there are serious risks involved.”
Moreover, Gensler’s post linked to a post on investor.gov about buying and investing cryptocurrency with a stringent warning about the SEC’s role in regards to recovering cryptocurrency.
“You should understand if you lose money there is a real chance the SEC and other regulators won’t be able to help you recover your investment, even in cases of fraud,” the post reads in part. Numerous social media users replied to Gensler’s posts, taking them as a nod to potential upcoming spot Bitcoin ETF approval.
“Tell me you’re about to approve the Bitcoin ETFs without telling me you’re about to approve Bitcoin ETFs,” wrote one user.“Sounds like the
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