ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

December 2, 2023

Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

December 2, 2023

UK Legislators urge caution in retail digital pound rollout

December 2, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

    December 2, 2023

    Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

    December 2, 2023

    UK Legislators urge caution in retail digital pound rollout

    December 2, 2023

    Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain

    December 2, 2023

    UK Legislators urge caution in retail digital pound rollout

    December 2, 2023

    Here’s a Possible Bitcoin Price Path to $200,000, According to Analyst Who Called 2021 Crypto Market Collapse

    December 2, 2023

    $40,000 Bitcoin ‘Coming Soon’ As BTC Now Giving Few Reasons to Sell: Top Crypto Trader

    December 1, 2023

    Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over

    December 1, 2023

    Ethereum price rallies toward key resistance but is ETH’s strength sustainable?

    December 1, 2023

    Australia’s confusing new crypto tax guidance is ‘toilet paper,’ says law firm

    December 1, 2023

    Circle denies claims of illicit financing and ties to Justin Sun

    November 30, 2023

    SEC solicits comments on Fidelity’s spot Ether ETF application

    November 30, 2023

    Web3 Infrastructure Altcoin Skyrockets More Than 120% This Week Amid Publication of New ‘Vision Paper’

    December 2, 2023

    FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute

    December 1, 2023

    Steep Rally Loading Up for Decentralized Finance (DeFi) Altcoin, According to Crypto Strategist

    December 1, 2023

    November most ‘damaging’ month in 2023 as thieves pilfer $363M in crypto

    December 1, 2023

    XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

    December 2, 2023

    Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

    December 2, 2023

    UK Legislators urge caution in retail digital pound rollout

    December 2, 2023

    Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain

    December 2, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    4 EXPLOSIVE Coins Set to RIP through Crypto Markets (INJ, ETH, ??)

    December 2, 2023

    This MrBeast-Backed Crypto will CRUSH the 2024 Bull Run (Be Ready)

    November 30, 2023

    Solana: Where’s SOL Headed Next!? Price Prediction & Updates!

    November 30, 2023

    Turn $10K Into $1Million With This Crypto Portfolio!

    November 30, 2023

    BIGGEST MOMENT FOR BITCOIN HAPPENING NOW! [HUGE NEWS]

    November 29, 2023
ApeWatcher News
Home » VanEck refiles with SEC for spot Bitcoin ETF
Bitcoin

VanEck refiles with SEC for spot Bitcoin ETF

Coin TelegraphBy Coin TelegraphJuly 1, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

VanEck, one of the first firms in the world to ever file for a Bitcoin (BTC) exchange-traded fund (ETF), is not giving up on its plans to launch a spot Bitcoin ETF in the United States.

The firm has refiled an application for a physically-backed Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).

Filed on June 24, VanEck’s latest Bitcoin ETF application comes months after the SEC rejected its previous spot Bitcoin ETF request on Nov. 12, 2021. The securities regulator based its decision on the ETF on its alleged inability to meet standards to protect investors and the public interest as well as to “prevent fraudulent and manipulative acts and practices.”

In the latest filing, VanEck provided a wide number of reasons for the SEC to approve a Bitcoin ETF this time.

The ETF company argued that the lack of a U.S.-listed spot Bitcoin exchange-traded products (ETP) does not prevent U.S. funds from gaining exposure to Bitcoin. That is because many U.S. ETPs use Canadian BTC ETPs to gain exposure to spot BTC, VanEck argued, stating:

“Approving this proposal — and others like it — would provide U.S. ETFs and mutual funds with a U.S.-listed and regulated products to provide such access rather than relying on either flawed products or products listed and primarily regulated in other countries.”

As previously reported by Cointelegraph, Canada was one of the first countries in the world to debut a spot Bitcoin ETF with the launch of the Purpose Bitcoin ETF in February 2021.

VanEck went on to say that approving a spot Bitcoin ETF would be a logical step for the SEC after the authority decided to allow Bitcoin futures-based ETFs. As previously reported, VanEck’s BTC futures ETF started trading on the Chicago Board Options Exchange on Nov. 16, 2021.

“After issuing the Bitcoin futures approvals which conclude the CME Bitcoin futures market is a regulated market […] the only consistent outcome would be approving spot Bitcoin ETPs on the basis that the Bitcoin futures market is also a regulated market of significant size as it relates to the Bitcoin spot market,” the new filing reads.

Related: Grayscale’s legal challenge to SEC sparks response from the community

According to Bloomberg ETF analyst Henry Jim, the deadline for VanEck’s latest spot Bitcoin ETF is March 3, 2023.

Van Eck tries spot #Bitcoin ETF again

Cboe re-files 19b-4 for the VanEck Bitcoin Trust, a spot Bitcoin ETF, after it was disapproved last Nov

SEC has not “noticed” this filing yet.

Final deadline: Mar 3, 2023

MVIS® CryptoCompare Bitcoin Benchmark Ratehttps://t.co/mTJF14okCy https://t.co/5ckwIiOJFT pic.twitter.com/7xpPkBTuic

— ETF Hearsay by Henry Jim (@ETFhearsay) June 30, 2022

VanEck is known as one of the first U.S. firms to ever file for a Bitcoin futures ETF. The company originally filed for a physically-backed Bitcoin ETF in June 2018 but the SEC repeatedly postponed its decision over the proposal to eventually reject it three years later.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

UK Legislators urge caution in retail digital pound rollout

December 2, 2023

Here’s a Possible Bitcoin Price Path to $200,000, According to Analyst Who Called 2021 Crypto Market Collapse

December 2, 2023

$40,000 Bitcoin ‘Coming Soon’ As BTC Now Giving Few Reasons to Sell: Top Crypto Trader

December 1, 2023

Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over

December 1, 2023

Bitcoin ETFs, user experience will drive adoption — eToro CEO

December 1, 2023

Hut8 Mining operates as U.S.-domiciled entity following USBTC merger

December 1, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

December 2, 2023

Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

December 2, 2023

UK Legislators urge caution in retail digital pound rollout

December 2, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.