VanEck, Coinbase Execs Blame SEC For Surge In Bitcoin ETF-Driven Borrowing

Executives from VanEck and Coinbase are raising alarms over the U.S. Securities and Exchange Commission’s (SEC) handling of spot Bitcoin ETFs. They pointed to increased borrowing costs as a direct consequence of the regulatory framework. According to these industry leaders, the SEC’s refusal to allow in-kind creation and redemption of Spot BTC ETFs has created inefficiencies. This has forced market participants to take on significant capital costs.

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