From a big push for VanEck’s Bitcoin ETF to the adoption of XRP, here’s a look at some of the stories breaking in the world of crypto.
In a new interview with Fox Business, VanEck’s digital asset strategies director Gabor Gurbacs says the firm’s Bitcoin ETF proposal meets every requirement the SEC needs for approval.
“We are waiting for the sign of approval for this ETF because it meets every requirement that a commodity type of fund would need…
We have proper custody solutions out there. We have proper pricing. Futures contracts are trading.
Institutions like VanEck, who have built the first gold fund in the United States, the first international stock mutual fund in the world, are in this game and trying to bring something to markets. We have the right institutions and we have the right market structure, so it’s time to give America what it wants: A Bitcoin ETF.”
Ripple and XRP
SBI Holdings CEO Yoshitaka Kitao says the blockchain consortium R3 is discussing plans to create a new project that utilizes XRP.
“We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively,” Kitao said.
— BLUE COIN (@bluecoinxrp) October 31, 2018
SBI is a longtime partner of Ripple, and owns 10.5% of the company.
VeChain is partnering with two of China’s leading energy and gas companies to create a blockchain-based liquid natural gas management solution.
The companies will design a test pilot that “handles the quality assurance process including classification standards,