According to lawyer Scott Johnsson, the updated prospectus for VanEck’s proposed Bitcoin spot ETF contains seed funding language similar to BlackRock’s filing. However, instead of using cash for seed funding, VanEck recommends using actual bitcoin. Seed funding is when financial ...
- VanEck’s updated prospectus for a proposed Bitcoin spot ETF contains seed funding language similar to BlackRock’s filing.
- VanEck suggests using actual Bitcoin for seed funding, unlike BlackRock’s cash-based approach.
- Seed funding involves financial institutions contributing capital to purchase ETF underlying assets in exchange for tradable shares, providing initial liquidity.
According to lawyer Scott Johnsson, the updated prospectus for VanEck’s proposed Bitcoin spot ETF contains seed funding language similar to BlackRock’s filing. However, instead of using cash for seed funding, VanEck recommends using actual bitcoin.
Seed funding is when financial institutions contribute capital to purchase an ETF’s underlying assets in exchange for shares that can be traded when the ETF launches. This provides initial liquidity.
In a po…
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