VanEck Takes Another Shot At Introducing Spot Bitcoin ETF

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New York-based wealth manager VanEck has filed a fresh application with the U.S. Securities and Exchange Commission to gain approval for its spot bitcoin ETF.Filed on June 24, VanEck’s latest filing for its bitcoin ETF comes roughly eight months after the SEC thwarted its previous application last November.

VanEck further posited that OKing such an investment vehicle would be the “only consistent outcome” after the securities watchdog approved various bitcoin futures ETFs last year. VanEck was one of the first firms to get the go-ahead to launch bitcoin futures-based ETFs last year after SEC chair Gary Gensler signaled a preference for such investment products that don’t directly track the price of bitcoin. However, no true bitcoin ETF has been approved in the U.S. to date.

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