Volt Equity’s creator believes that US authorities have good cause to be slow in authorising a pure Bitcoin related exchange-traded fund (ETF).

Tad Park, CEO and Founder of Volt Equity, expressed support for the US Securities & Exchange Board in response to the firm’s refusal to authorize an ETF that would closely track Bitcoin.

Volt Equity’s Volt Crypto Industry Revolution and Tech ETF, approved on Oct. 1, monitors “Bitcoin Industry Revolution Companies,” a list of companies that form a majority of their asset value in Bitcoin or get a majority of their revenues from Cryptocurrency mining, leasing, or payments.

A pure Bitcoin ETF has yet to be approved by the SEC. The Securities and Exchange Commission (SEC) asked for an extension for four Bitcoin ETFs, including Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust, and Kryptoin Bitcoin ETF, on October 1. In August, Gensler said that the SEC would be willing to approve Bitcoin’s future ETFs...

Source: https://news.todayq.com/news/volt-ceo-tad-park-says-sec-gary-gensler-is-a-pro-bitcoin/