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.
