Bitcoin ETF

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>VanEck’s updated prospectus for a proposed Bitcoin spot ETF contains seed funding language similar to BlackRock’s filing.</strong></li> 
 <li><strong>VanEck suggests using actual Bitcoin for seed funding, unlike BlackRock’s cash-based approach.</strong></li> 
 <li><strong>Seed funding involves financial institutions contributing capital to purchase ETF underlying assets in exchange for tradable shares, providing initial liquidity.</strong></li> 
</ul> 
<p>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 <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">bitcoin</a>.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Lawyer Scott Johnsson said the wording on seed funding in VanEck’s updated Bitcoin spot ETF prospectus was similar to BlackRock’s. But instead of using cash as seed funding like iShares, it is recommended to use Bitcoin as seed funding. Seed funding is when banks and brokerages…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1718799964929974331?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 30, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>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.</p> 
<p>In a po…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/vaneck-bitcoin-etf-may-use-bitcoin-for-seed-funding/">VanEck Bitcoin ETF May Use Bitcoin for Seed Funding</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

VanEck Bitcoin ETF May Use Bitcoin for Seed Funding

Coin Edition

Other articles published on Oct 30, 2023

Bitget Becomes One of the First Exchanges to List Celestia (TIA)

Bitcoin builder climbs Africa's tallest mountain to raise awareness

Giveaway - Phoenix Blockchain 2 Year Anniversary Celebration

VanEck modifies their Bitcoin ETF application on the spot

Market Maker DWF Labs Sells An Altcoin Completely, Buys Another Today

FreeBitco.in Reveals the Lucky Winner of Win A Lambo Round 9

Join our free newsletter for daily crypto updates!