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Asset manager VanEck has applied to launch the first cryptocurrency-based exchange-traded fund (ETF). Company’s previous statement SEC It was denied in November 2021. At the time, the regulator
Asset manager VanEck has applied to launch the first cryptocurrency-based exchange-traded fund (ETF).
Company’s previous statement SEC It was denied in November 2021.
At the time, the regulator pointed to non-compliance with investor protection standards as well as “preventing fraud and manipulative actions” requirements.
“Confirmation of the offer, […] access [к биткоину] and avoid reliance on defective or regulated products in other countries.”VanEck Bitcoin Trust said in a filing.
The company noted that a positive decision would make sense once its bitcoin futures ETF is resolved. A similar tool from VanEck received approval in October 2021. It was third in a row after ProShares and Valkyrie Investments products listed in the US.
Recall that the SEC rejected an application from Grayscale Investments to convert the GBTC trust to bitcoin-ETF.
Earlier, Jacobi Asset Management received a listing of the first cryptocurrency-based exchange-traded fund on Euronext in Amsterdam. The Netherlands has become the fourth country to approve a bitcoin ETF listing, after Canada, Brazil, and Australia.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
