Investment firm VanEck filed an amended S-1 filing with the SEC. Bitcoin ETF A new move in the race to get approval for made. This move signals VanEck’s commitment to the cryptocurrency ETF space.
The updated filing comes at a critical time when the SEC is fine-tuning numerous firms’ offerings as they await final decision dates next month. Meanwhile, industry giant BlackRock has set a competitive pace in the race for ETF approval by naming Jane Street and JPMorgan as authorized participants (APs) in its own updated filing.
Koinfinans.com As we reported, VanEck’s latest change reveals a strategic shift to a cash-only approach for its Bitcoin ETF. This distinguishes this application from previous proposals that included in-kind mechanisms, which the SEC did not approve. VanEck is doubling its appeal to both institutional and retail investors by releasing a new commercial alongside the application.
APs have not been officially named in this change, but the requirement for an effective prospectus prior to launch means that details such as underwriters and associated fees will be disclosed in due course, offering clarity to potential investors.
Big news as the industry prepares for the potential launch of a Bitcoin ETF cryptocurrency Exchange Coinbase announced that it is ready to increase its trading activities.