Attempt # 3. VanEck Filed SEC For Bitcoin ETF
The VanEck manager made another attempt to approve the BTC-ETF. If successful, it will be the first ETF to receive SEC approval
The company has previously applied for a similar product twice. However, after a series of rejections from the SEC, she had to withdraw her request in September 2019. At the end of 2020, another attempt was made. True, the application was submitted for another VanEck Bitcoin Trust.
If approved, the ETFs will be listed on the Cboe BZX exchange. They will be valued daily based on the BTC value on the top 5 bitcoin exchanges. The maximum aggregate offering price will be $1 million.