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.

Share This Post

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.

Related Posts

BingX Launches ALTCOIN Index, Offering Futures for Top Altcoins

Singapore-based cryptocurrency exchange BingX has introduced the ALTCOIN Index,...

Cryptocurrencies See Significant Gains as Market Rallies

Cryptocurrencies, including Movement, Bitget Token, and Zcash, experienced impressive...

MicroStrategy Named Best-Performing Cryptocurrency Stock of 2024

MicroStrategy Inc., the business intelligence firm and largest corporate...

Japan Rejects Bitcoin as Foreign Exchange Reserve Amid Volatility Concerns

Japan's government has officially ruled out the adoption of...

Bitcoin ETFs See Continued Outflows as Bitcoin Struggles

Spot Bitcoin exchange-traded funds (ETFs) in the United States...

Binance Delists Low-Volume Trading Pairs in Routine Review

Binance has announced the removal of several low-volume spot...
Previous article
Crypto vs. Fiat Currency – All You Need To Know
Next article
Ancient DOGE whales awaken, move 5.3M Dogecoin

Welcome to [Chaincryptocoins], where the future of finance is at your fingertips. In this dynamic era of digital innovation, we invite you to embark on a journey into the exciting world of cryptocurrencies.

2023 © Copyright chaincryptocoins.com