VanEck, a leading asset manager, has reaffirmed its commitment to regulated Bitcoin (BTC) investing by refiling its application for a Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
The application, which was first filed in June of this year, seeks to list and trade shares of the VanEck Bitcoin Trust on the Cboe BZX Exchange. The trust would hold BTC, providing investors with exposure to the cryptocurrency without having to purchase it directly.
VanEck’s decision to refile its application is a sign of its commitment to bringing regulated BTC investing to the mainstream. The company has been a vocal proponent of the cryptocurrency, and has been actively involved in the development of the industry.
In a statement, VanEck CEO Jan van Eck said, ”We believe that a properly constructed physically-backed bitcoin ETF will provide investors with exposure to bitcoin in a manner that is cost-efficient and convenient. We are committed to working with the SEC to get the VanEck Bitcoin Trust to market.”
The SEC has yet to approve a Bitcoin ETF, but VanEck’s refiling of its application is a positive sign for the industry. If approved, the VanEck Bitcoin Trust would be the first of its kind in the U.S., and could pave the way for other ETFs to be approved in the future.
VanEck’s refiling of its Bitcoin ETF application is a sign of its commitment to bringing regulated BTC investing to the mainstream. If approved, the VanEck Bitcoin Trust would be the first of its kind in the U.S., and could open the door for other ETFs to be approved in the future.
NEW: VanEck has refiled a spot Bitcoin ETF application with the 🇺🇸 SEC 👀
This reaffirms its dedication to providing a regulated Bitcoin investment avenue for both retail and institutional investors, amid rising competition from firms like BlackRock ⚔️
