Jan 01, · According to a filing on Wednesday, VanEck is now attempting to launch its own ETF tracking Bitcoin, Bloomberg reported. The proposed instrument, The VanEck Bitcoin Trust, would be based off of the performance of the MVIS CryptoCompare Bitcoin Benchmark Rate. Dec 31, · Is a bitcoin exchange-traded fund (ETF) finally coming? Many investors/speculators hope so, and so does money manager VanEck Associates, . Dec 31, · A Bitcoin ETF would also allow people to invest in Bitcoin from tax-sheltered accounts, meaning that more people could get into crypto, increasing its adoption and, with any luck, its price. The VanEck Bitcoin ETF refiling comes at a time of transition at the SEC, with former chairman Jay Clayton having resigned on December 23, ; it could.
Will etf help bitcoinBitcoin Is Roaring Back, These 3 Funds Can Help You Get in on The Act | InvestorPlace
All rights reserved. Charles St, Baltimore, MD In what feels like somewhat quiet fashion, bitcoin is enjoying an excellent start to On Jan. Or fund issuers pulled applications before the commission could deny them. While some market observers believe progress is being made on a bitcoin ETF, one of the more credible efforts, that of Bitwise Asset Management, was recently yanked, though the firm said it plans to refile at a later date.
There are, however, other fund vehicles offering exposure to the premier digital asset. Here are three to consider. Currently, one GBTC share is equivalent to 0. For example, BLOK features exposure to 15 industry groups spread mostly across the communication services, financial services and technology sectors. To date, the SEC is issuer-agnostic, as it's rejected every proposal for a bitcoin ETF, usually citing concerns about market manipulation and fraud in the crypto currency space.
Regulators are OK with crypto-based index funds that trade over-the-counter. What's Next : As for what's next when it comes to bitcoin ETFs, that's anyone's guess, but there is some optimism that with change at the helm of the SEC, could be the year a bitcoin ETF finally debuts. Benzinga does not provide investment advice. All rights reserved. Thank you for subscribing! If you have any questions feel free to call us at ZING or email us at vipaccounts benzinga.
Email Address:. Leave blank:. Forgot your password? Contribute Login Join. Market Overview. Crypto Market Update, Jan. View the discussion thread.