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Vaneck Amends Spot Bitcoin ETF Application Amid Increasing Number Of Updated Filings

Joining a growing list of asset managers, VanEck has amended its application for a spot Bitcoin (CRYPTO: BTC) ETF with the Securities and Exchange Commission (SEC). What Happened: On October 27, VanEck submitted an updated application for a spot Bitcoin exchange-traded fund (ETF) to the SEC, as found in the regulator’s database. The revised filing highlighted that a seed capital investor acquired the Seed Creation Baskets, a block of 50,000 shares of the proposed ETF, in October, with Bitcoin prices decided by the MarketVector Bitcoin Benchmark Rate. See Also: Bitcoin Just Hit $31,000: What’s …