Investment manager VanEck has added fuel to the frenzied speculation that the Securities and Exchange Commission could be closer to approving a spot Bitcoin ETF. video Last Friday, social media made fun of the term “Born to.” Bitcoin BTC
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The 19-second video came on the same day the asset manager filed an updated Form S-1 with the SEC. dozen The companies appear to be ironing out the final details of their applications with regulators ahead of a final decision deadline next month. VanEck tipped his hat to individual investors in a previous filing for a proposed spot Bitcoin ETF earlier this month, saying it would use the ticker “HODL”, a common abbreviation for “Hold on for dear life” in the cryptocurrency industry. Yes.
VanEck followed up the video Friday with a post that briefly flashed a sign saying “Buy Bitcoin” and said it was neither an advertisement nor an advertisement.
‘Teaser’
“This is a teaser video made by an intern in 10 minutes.” post On X. “I posted one last week too.”
Several companies including BlackRock, Fidelity, VanEck, Franklin Templeton, and Valkyrie vying For spot Bitcoin ETFs. The SEC has not yet approved it, but recently met with representatives from several companies to discuss technical aspects of the fund’s proposal.
In VanEck’s latest filing for the proposed fund, the asset manager appeared to be leaning in the so-called direction. cash repayment Bloomberg Intelligence analyst James Seyffart published a model on X that analysts said appears to be favored by the SEC.
“VanEck also added identical (or at least very similar) risk disclosure language regarding the fact that the SEC does not allow In-Kind,” he added.
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About the author
Nathan Crooks is the US editor-in-chief of The Block, based in Miami. He previously worked at Bloomberg News for 12 years, serving as breaking news editor and bureau chief in Caracas, Venezuela, before leading South Florida coverage. He has interviewed presidents, government ministers, and CEOs, and in addition to cryptocurrencies, he has covered major news events in the field ranging from earthquakes, hurricanes, and the 2018 Chilean mine rescue. A native of Clarion, Pennsylvania, Nathan earned his bachelor’s degree from the university. He earned a specialist degree in political science from Toronto and an MBA from the American University in Washington, DC.