Van Eck, an investment management company, submitted a new bitcoin ETF registration application to the sec

Disclaimer: This article is intended to convey more market information and does not constitute any investment advice. The article only represents the author’s point of view, not the official position of Mars finance and economics. Vaneck, an investment management company based in New York, recently filed an application with the securities and Exchange Commission (SEC) to register a new bitcoin ETF. The preliminary prospectus was filed on December 30, 2020, according to documents filed with federal agencies. Van Eck has filed similar applications with the SEC twice before, both of which were rejected last year. Since then, the company withdrew its previous application in September 2019. So far, the SEC has considered many applications for bitcoin based ETFs, but all of them have been rejected. In August 2018, the regulator rejected nine such proposals on the same day. In October, Jay Clayton, chairman of the SEC, said the agency was still open to considering ETF proposals. Van Eck has now submitted another new S-1 document to regulators called the Vaneck bitcoin trust. The ETF shares will be traded on the Chicago Options Exchange (CBOE BZX). Twitter user Kevin Rooke reminded people of the documents submitted by the $49 billion investment company. Jamie Hannah, Vaneck’s deputy head of investment, said in a recent report that the company “has an increasing interest in TCD.”. Prior to this, van Eck listed bitcoin centric exchange traded notes on the Deutsche Borse xetra exchange in Germany on November 25. The total cost ratio of Vaneck vectors bitcoin ETN is 2%, which aims to make the cryptocurrency available to investors without direct purchase. The investment management company said it was working with bank Frick, the country’s trusteeship bank, which would provide a “cold storage” for bitcoin deposits. Some Twitter users claim that van Eck has been trying to get sec approval for years. However, some cryptocurrency enthusiasts believe that this is a bullish move that may contribute to the current rise in bitcoin. Source: Van Eck author amy Li

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