It was VanEck before that has applied for a bitcoin ETF but didn't end well. But hopefully this time, if they weren't successful for the application of bitcoin ETF.
Then, this is going to be a good and big news that it will be part of the history of being the first to have an Ethereum ETF. Every such news that's about Ethereum will have its pumping reaction.
The Bitcoin ETF, I believe, is still on the table. According to news reports, the SEC has not yet made a final decision.
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That's true. The Bitcoin ETF in the US remains the holy grail of Bitcoin investments. Once approved, the bitcoin's price will likely skyrocket, and most coins will rise along with it.
The first Bitcoin ETF application was filed almost a decade ago, but it was rejected. It was later submitted again, and again, rejected. There have been at least twelve proposals that have reached the SEC's desk over the years, and none has made it to the board. However, something really feels different now. There are already several crypto exchange-traded funds outside the US, including Canada and Brazil. Additionally, a new chairman has been seated at the SEC, former CFTC chief Gary Gensler; while noted Bitcoin skeptic Dalia Blass left the Investment Management division in January.