Global asset manager VanEck submitted an amended application for a spot Bitcoin (BTC) exchange-traded fund (ETF) with the SEC.
According to the US Securities and Exchange Commission’s (SEC) database, global asset manager VanEck filed an amended application for a spot bitcoin ETF.
VanEck Announced Seed Capital Investor
VanEck joins a growing list of asset managers who recently filed amended applications for spot Bitcoin ETFs with the SEC.
The global asset manager revealed an unnamed seed capital investor acquired Seed Creation Baskets for the VanEck Bitcoin Trust in October. The Seed Creation Basket is a block of 50,000 shares of VanEck’s proposed ETF and, according to finance lawyer Scott Johnson, were purchased using Bitcoin.
Similar language to the Blackrock amendment re: seeding. Perhaps not too surprising given both issuers are represented by the same lawyers at Clifford Chance. Except here, instead of seeding with cash like iShares, Vaneck suggests they’ll seed with b
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