VanEck files updated spot Bitcoin ETF application
The asset manager submitted an amended S-1 Form with the SEC on deadline day, switching to cash-only subscriptions like most issuers seeking spot Bitcoin ETF approval. VanEck’s update did not name the authorized participants for its VanEck Bitcoin Trust, an exchange-traded fund aiming to invest in the largest cryptocurrency by market cap at its spot price. JUST IN: VanEck filed it's sixth amendment to it's spot #Bitcoin ETF with the SEC. And here they come pic.twitter.com/v0kAJJ16Rl — Bitcoin Magazine (@BitcoinMagazine) December 29, 2023 Several other issuers like BlackRock have filed amended prospectus briefs to the cash-only edict stressed by the U.S. Securities and Exchange Commission (SEC). However, these update s have not disclosed APs who are effectively underwriters for these spot Bitcoin ETFs. Underwriters guarantee payment and redemptions in the case of financial losses. These APs are typically banks, insurance companies, or investment houses. Should ...