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VanEck Files with SEC to Launch Bitcoin Trust

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Wed, 30/12/2020 - 18:20
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VanEck Files with SEC to Launch Bitcoin Trust
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Investment management firm VanEck has filed a registration form with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund: 

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The VanEck Bitcoin Trust (the “Trust”) is an exchange-traded fund that issues common shares of beneficial interest (the “Shares”) that trade on the [  ] (the “Exchange”). The Trust’s investment objective is to reflect the performance of the MVIS® CryptoCompare Bitcoin Benchmark Rate less the expenses of the Trust’s operations.

In October 2019, VanEck withdrew its previous proposal. The SEC is yet to approve a Bitcoin ETF. 

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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