Market News

VanEck Resubmits Revised Application for Spot Bitcoin ETF, Aiming to Navigate SEC’s Regulatory Concerns

Aiming, Application, Bitcoin, Concerns, ETF, Navigate, Regulatory, Resubmits, Revised, SECs, Spot, VanEck

“VanEck’s bold move to amend their application for a spot Bitcoin ETF demonstrates their unwavering commitment to providing investors with a regulated and accessible entry into the world of digital assets, setting the stage for a potential game-changing development in the cryptocurrency market.”



Asset manager VanEck has filed an amended application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The filing states that a seed capital investor purchased Seed Creation Baskets, equivalent to 50,000 shares of the proposed ETF, with Bitcoin prices determined by the MarketVector Bitcoin Benchmark Rate. This differs from other spot Bitcoin ETF proposals, which have seeding in cash. A spot Bitcoin ETF would directly invest in Bitcoin, attracting investors seeking Bitcoin exposure via traditional asset managers. VanEck joins other asset managers, including Bitwise Asset Management, ARK Invest, and 21Shares, in updating their applications for spot Bitcoin ETFs. The wave of amended filings suggests negotiations between asset managers and regulators are progressing, and a decision on spot Bitcoin ETFs in the US is expected in the coming weeks.

Leave a Comment

Vegas Golden Knights Foundation and Smith’s Team Up for $20,000 Gas Giveaway in Las Vegas Marriott’s European Expansion: 100 New Hotels, 12,000 Rooms by 2026 Snap Analyst Ratings: 12 Experts’ Viewpoints, Price Targets, and Performance Evaluations Dubai Floods and the Postponement of Token2049 Conference What Happens If You File Taxes After April 15?
Vegas Golden Knights Foundation and Smith’s Team Up for $20,000 Gas Giveaway in Las Vegas Marriott’s European Expansion: 100 New Hotels, 12,000 Rooms by 2026 Snap Analyst Ratings: 12 Experts’ Viewpoints, Price Targets, and Performance Evaluations Dubai Floods and the Postponement of Token2049 Conference What Happens If You File Taxes After April 15?
Vegas Golden Knights Foundation and Smith’s Team Up for $20,000 Gas Giveaway in Las Vegas Marriott’s European Expansion: 100 New Hotels, 12,000 Rooms by 2026 Snap Analyst Ratings: 12 Experts’ Viewpoints, Price Targets, and Performance Evaluations Dubai Floods and the Postponement of Token2049 Conference What Happens If You File Taxes After April 15?