VanEck Bitcoin ETF, which was considered definitive after applying for a Bitcoin ETF, was canceled today. Announcing that it has decided to withdraw the application, VanEck did not make a clear statement about the reason for this decision. Changes in the price of cryptocurrencies have been on the agenda recently, and this decision may have been made by VanEck after the allegations that the American federal government would not make a decision about cryptocurrencies due to its closure or reject ETF applications.
In the USA. The federal government has been closed for over 30 days and is not expected to open anytime soon. President Donald Trump’s administration wants the Democrats to give him at least $5.6 billion worth of wall budget approval to open the federal government. Although he has the authority to grant himself this right and authorize him to spend billions of dollars in budget, it is known that he kept the government closed and preferred to get approval from the Democrats.
Short-term developments due to the cancellation of the VanEck Bitcoin ETF It was a matter of curiosity what would happen.