BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

VanEck refiles with SEC for bitcoin ETF

Asset manager VanEck is taking another crack at approval for a bitcoin exchange-traded fund (ETF). If approved, it would be the first ETF to achieve approval from the U.S. Securities and Exchange Commission (SEC). 
VanEck has filed for a similar product twice before, resulting in withdrawals . After a series of rejections from the SEC last year, it withdrew its previous proposal in September of 2019. It's now filed a new S-1 with the regulator for another fund, called the VanEck Bitcoin Trust.
The ETF's shares would be traded on the Cboe BZX Exchange. They will be valued daily based on bitcoin prices on the top five bitcoin exchanges, which will be calculated by affiliate firm MV Index Solutions. The proposed maximum aggregate offering price, which is the number of securities multiplied by the price of each security, is $1,000,000.
A custodian was not named in the preliminary prospectus, which is incomplete and subject to change. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: VanEck refiles with SEC for bitcoin ETF


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News