VanEck Files with SEC to Launch Bitcoin Trust

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.