Financial Giant VanEck Files For A Bitcoin Futures ETF

Global investment manager VanEck has filed with the SEC for a Bitcoin strategy futures exchange traded fund, for the second time, according to CoinDesk. Notably, the giant firm, with over $60 billion in assets under management, previously filed and was the first to file for a Bitcoin ETF back in 2017. That proposal was ultimately denied by the SEC.

VanEck’s filing for a Bitcoin Strategy ETF does not invest in Bitcoin directly, but rather Bitcoin futures and other investment vehicles. Though, it does fall under the 40 Act, a notable move that follows recent recommendations made by SEC Chairman Gary Gensler one week ago.

“I look forward to the staff’s review of such filings, particularly if those are limited to these CME-traded bitcoin futures,” he said.

By the end of that week, Invesco had filed for a Bitcoin Futures ETF.

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