Investment firm VanEck, which has nearly $82 billion in assets under its management, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) that invests in gold and Bitcoin (BTC) mining companies.
March 3 dated SEC according to the document VanEckapplied by ETF, securities in an index that reflects the performance of gold and cryptocurrency mining companies. will focus. ETF, either directly or through derivatives, according to the documents to cryptocurrencies will not invest. Moreover VanEck‘s new ETFNo cost ratio was specified for .
To date, we have not yet approved any spot ETF applications. SECpast November per month VanEck’s spot Bitcoin ETF had also rejected his application.
SEC Rejects VanEck’s ETF Application for Spot Bitcoin
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VanEck earlier this year first cryptocurrency exchange traded product (ETN) announced its creation. Investors Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), (Solana) SOL, Tron (TRX), Avalanche (AVAX) and to Polygon (MATIC) exposing ETN, Deutsche Boerse Xetra and SIX Switzerland listed on the stock exchanges.