{"id":7633,"date":"2021-08-10T23:41:43","date_gmt":"2021-08-10T22:41:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7633"},"modified":"2021-08-10T23:41:52","modified_gmt":"2021-08-10T22:41:52","slug":"vaneck-files-for-bitcoin-strategy-etf-with-the-sec","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/vaneck-files-for-bitcoin-strategy-etf-with-the-sec\/","title":{"rendered":"VanEck files for Bitcoin Strategy ETF with the SEC"},"content":{"rendered":"\n
VanEck once again files for a Bitcoin Strategy ETF with the SEC<\/a> after previously doing so in 2017. The fund will not directly invest in Bitcoin.<\/h5>\n\n\n\n
\"VanEck<\/figure><\/div>\n\n\n\n

VanEck, an asset management, is attempting to launch a Bitcoin Strategy exchange-traded fund after failing to do it four years ago.<\/p>\n\n\n\n

On August 9, VanEck filed a prospectus for a Bitcoin Strategy exchange-traded fund\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, or ETF, with the Securities and Exchange Commission, or SEC.<\/p>\n\n\n\n

Unlike the Bitcoin (BTC) and Ether (ETH) ETFs now under evaluation by the federal government, the proposed fund would provide exposure to BTC through Bitcoin futures contracts, pooled investment vehicles, and other exchange-traded instruments, rather than directly investing in BTC.<\/p>\n\n\n\n

The Bitcoin Strategy ETF, according to VanEck, would provide exposure to crypto ETFs listed and traded in Canada, including those from Purpose Investments and Evolve Funds Group. The investments will be made by a Cayman Islands-based subsidiary of the asset manager.<\/p>\n\n\n\n

Despite the fact that VanEck filed a comparable prospectus<\/a> for a Bitcoin Strategy ETF in 2017, SEC head Gary Gensler has stated that ETFs based on crypto futures rather than direct exposure would be more acceptable.<\/p>\n\n\n\n

Following Gensler's statement, some companies registered similar “strategy” ETFs with the government body; on Aug. 5, investment firm Invesco announced its own plans to develop a Bitcoin ETF without direct exposure.<\/p>\n\n\n\n

In the United States, the SEC has yet to authorize a Bitcoin ETF. VanEck, Valkyrie Digital Assets, Fidelity Investments, and others, on the other hand, have proposed their own crypto ETFs.<\/p>\n\n\n\n

To appear to postpone making a judgment on a fund, the commission has traditionally extended<\/a> the consideration period or opened the topic to public debate.<\/p>\n","protected":false},"excerpt":{"rendered":"

VanEck once again files for a Bitcoin Strategy ETF with the SEC after previously doing so in 2017. The fund will not directly invest in Bitcoin. VanEck, an asset management, is attempting to launch a Bitcoin Strategy exchange-traded fund after failing to do it four years ago. On August 9, VanEck filed a prospectus for […]<\/p>\n","protected":false},"author":12,"featured_media":7634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[2105,899,143,668],"class_list":["post-7633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-strategy","tag-etfs","tag-sec","tag-vaneck"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/VanEck-files-for-Bitcoin-Strategy-ETF-with-the-SEC.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7633"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7634"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}