Investment giant VanEck, which has approximately $82 billion in assets under its management (AUM), has applied for a new spot Bitcoin (BTC) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).
spot-based “VanEck Bitcoin Trust” ETF application, “prevent fraudulent and manipulative behavior and practices” and “protecting investors and the public interest” on the grounds that it does not meet the requirements for November 2021 on SEC investment giant rejected by Spot ETF in the US continues to insist.
VanEckshortly after Grayscale’s request to convert GBTC to a spot Bitcoin ETF and Bitwise’s spot ETF application was rejected 30 June on SECa new to spot Bitcoin ETFHe made an official application for
The following statements drew attention in the text of VanEck’s application:
Spot commodities and foreign exchange markets, where spot ETPs have been previously approved, are also generally not regulated, and the Commission believes that the major regulated markets that form the basis for the approval of commodity and currency-based funds, including gold, silver, platinum, palladium, copper and other currencies, are futures markets. believes.
When the SEC, which has not yet approved any spot ETFs, will approve, is one of the issues that investors in the crypto money market are curious about.
The investment company, which has applied for ETF many times, most recently March per month to gold and Bitcoin (BTC) mining companies an investor ETF had applied for.