VanEck Takes Another Shot at Launching Bitcoin ETF

2020-12-31 23:43

VanEck has filed an application with the SEC to gain approval for its VanEck Bitcoin Trust, a Bitcoin exchange-traded fund (ETF).

VanEck’s Bitcoin Trust

As it is currently proposed, VanEck’s Bitcoin Trust is an ETF that represents BTC holdings at a 1:1 ratio. Investors do not hold Bitcoin; rather, they hold an asset tied to Bitcoin’s performance.

VanEck plans to partner with a custodian and issue shares of its total Bitcoin custody based on the net asset value (NAV) of the shares. The holders will be able to sell the shares in the market, usually at a premium. The firm intends to list its fund on the Cboe BZX exchange.

Gabor Gubacs, VanEck’s digital asset director, stated on Twitter that “bringing to market a physical Bitcoin ETF in the U.S. is a top priority.” He added: “We are committed to support[ing] bitcoin-focused innovation & continue to work with regulators & market participants.”

Will the ETF Succeed?

It’s not clear whether VanEck’s latest attempt to introduce an ETF will succeed, given that the firm’s past attempts have failed. VanEck has made at least three attempts since 2017.

VanEck has been more successful in other related areas. The firm has already introduced an exchange-traded product (ETP) in Europe, as announced in late November. That ETP is listed on Germany’s Deutsche Börse Xetra venue and trades alongside other crypto ETPs in Europe like 21Shares.

Meanwhile, U.S. firms such as Grayscale have succeeded in introducing Bitcoin trusts, though those are not considered exchange-traded funds.

As such, the success of the above investment vehicles does not necessarily mean VanEck’s ETF will be approved. To date, no Bitcoin ETF has been approved in the U.S.

⠀

At the time of writing this author held Bitcoin and less than $15 of altcoins.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95746.97 (-0.16%)
Объем 24H $49.057b
Изменеия 24h: -0.33 %, 7d: -8.50 %
Cегодня L: $93809.27 - H: $96192.24
Капитализация $1895.784b Rank 1
Цена в час новости $ 28776.16 (232.73%)

launching bitcoin etf shot takes another vaneck

Источник: cryptobriefing.com

launching bitcoin → Результатов: 126


DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading

Bitcoin Press Release: DueDEX announces its industry-first zero-fee LINK/USDT Futures Trading, opening new paths to diversification and profitability.   30th September 2020, Belize City, Belize: With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special […] The post DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading appeared first on Bitcoin PR Buzz.

2020-10-1 12:08


Фото:

Limited Time Deal: Save $1,000 on Press Releases on Bitcoin.com, NewsBTC & Bitcoinist with Bitcoin PR Buzz this September

Bitcoin Press Release: Bitcoin PR Buzz celebrates the rising market by launching a limited time $1,000 discount on press releases on Bitcoin. com, NewsBTC and Bitcoinist.     September 3rd, 2020, Tbilisi, Georgia – The industry’s first dedicated blockchain and crypto press release and marketing firm in the world, Bitcoin PR Buzz is now rolling out a […] The post Limited Time Deal: Save $1,000 on Press Releases on Bitcoin.

2020-9-3 19:00


Фото:

Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center

China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, continues to evaluate and rank […] The post Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center appeared first on Bitcoin News.

2020-8-29 19:30


Standard Chartered To Launch Crypto Custodial Services for Institutions in 2020

Speaking to CoinDesk, Alex Manson, the head of S.C. Ventures confirmed the firm is looking into launching a solution to allow institutional players to adopt digital assets such as Bitcoin. Manson terms the solution as the best and most secure solution yet in the market for institutions aiming to dip their feet into cryptocurrencies. S.C. […]

2020-7-21 19:31


McAfee Attacks Bitcoin Again, Calls it An ‘Old and Worthless Coin’; Downplaying His $1M Bet?

John McAfee, the antivirus tycoon, and fugitive presidential candidate has been known as the controversial king mainly because of his lifestyle and bold tweets. Once a big-time Bitcoin proponent who claimed that Bitcoin would reach a value of $500,000 dollar per coin, but lately, he has been launching scathing attacks against bitcoin. In response to […]

2020-7-20 18:07


Poloniex запустит биткоин-фьючерсы с плечом до 100x

Криптовалютная биржа Poloniex 10 июля сделает доступными торги бессрочными фьючерсами на биткоин с плечом до 100x. Introducing #Poloniex #Futures 🚀 Trade Bitcoin futures with up to 100x #leverage and get the highest maker rebates and lowest taker fees, no matter how much you’re trading! 📅 Save the date: Poloniex Futures is launching in beta July […]

2020-7-9 15:17


Фото:

Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency

The premier cryptocurrency gaming portal, Bitcoin Games has announced the launch of a Midsummer promotion that promises Free Spins and loads of entertainment. For well over, five years now Bitcoin Games has been the go-to destination for all your gaming needs and our brand new promotion – ‘Glad Midsommar!‘ is sure to excite.

2020-6-20 06:45


2nd Largest BTC Mining Pool, Poolin, Collabs With BlockFi, To Boost Crypto Lending Service

Reports confirm that the U.S based institutional-grade crypto lender, BlockFi, will be extending credit to Pooling, the second largest Bitcoin mining pool. The latest move sets the mining pool on extending its crypto lending services to miners since launching Blockin, a Singapore-registered wallet entity, which offers loans to miners. Since the halving, the hash rate […]

2020-6-3 18:45


Фото:

Deutsche Bank Vet Bullish on Crypto, Launching Bitcoin Trading Desk in May

Deutsche Bank has long been bullish on crypto assets like Bitcoin, and the culture has spilled over into the company’s executives. One of the bank’s veterans and former FX Japan Managing Director is even launching a crypto trading desk of his own, set to launch this coming May 2020 – right when Bitcoin’s halving is expected to drive significant interest in the asset class.

2020-4-24 18:00


Фото:

Pornhub to Launch Native Crypto Token $PORN

Pornhub, the leading online adult entertainment platform, announced today that they will be launching their own cryptocurrency after seeing the success of Bitcoin (BTC) and blockchain projects. The Pornhub Token ($PORN) will be credited to users who have an account on the website and that complete videos — half of the token amount will go […] The post Pornhub to Launch Native Crypto Token $PORN appeared first on BeInCrypto.

2020-4-2 19:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bank of England leaves rates unchanged amid rising inflation

The BoE's decision to hold rates amid rising inflation may signal prolonged economic caution, impacting consumer spending and market stability. The post Bank of England leaves rates unchanged amid rising inflation appeared first on Crypto Briefing.