Vaneck submits fifth amendment for Bitcoin ETF launch
James Seyffart, an analyst at Bloomberg Intelligence, reports that the American asset manager, VanEck, has submitted their fifth S-1 Amendment for their spot Bitcoin ETF. The updated filing reveals their ticker $HODL. Seyffart also described a few highlights in the amendment , including the create or redeem language within the S-1 filings encompasses both in-kind and cash, which he suggests may be a trend in retaining this optionality. Update: @vaneck_us has submitted an S-1 Amendment for their spot #Bitcoin ETF. They’ve been trying to launch this thing for so many years that it’s amendment number 5 for them. pic.twitter.com/hBugrf8NVK — James Seyffart (@JSeyff) December 8, 2023 However, at the same time, Seyffart noted that 19b-4 approvals might initially limit creations to cash, pending potential updates for confirmation. For this reason, there is still ongoing anticipation for further clarity. At the end of October, VanEck submitted an amended application for a spot...