CryptoBitcoinVanEck Amends Spot Bitcoin ETF Application

VanEck Amends Spot Bitcoin ETF Application

Author: Andrew

Asset manager VanEck filed an amended application for a spot bitcoin (BTC) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) on October 27, according to the regulator’s database.

The amended filing highlights that a seed capital investor purchased the seed creation baskets – a block of 50,000 shares of the proposed ETF – in October with bitcoin prices determined by the MarketVector Bitcoin Benchmark Rate, an index used as a reference price for the cryptocurrency.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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