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Asset Manager VanEck Files Amended Application for Spot Bitcoin ETF
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, submitted on October 27, highlights a unique approach to seeding the fund with a block of 50,000 shares of the proposed ETF. Industry Trend: Asset Managers Revising ETF ApplicationUnlike other spot Bitcoin ETF proposals that rely on cash for seeding, VanEck's approach involves a seed capital investor who purchased the See...
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Posted: Oct 30 2023, 11:41
Author Name: financemagnates
Views: 112232