VanEck Files with SEC to Launch Bitcoin Trust

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Wed, 12/30/2020 - 18:20
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Alex Dovbnya
VanEck has filed an SEC registration form for launching a Bitcoin trust
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: 

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. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.