VanEck has filed an SEC registration form for launching a 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.