Bitcoin ETF

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James Seyffart, an analyst at Bloomberg Intelligence, reports that the American asset manager, VanEck, has submitted their fifth S-1 Amendment for their spot Bitcoin ETF.&nbsp; 
The updated filing reveals their ticker $HODL. 
Seyffart also described a few highlights in the amendment, including the create or redeem language within the S-1 filings encompasses both in-kind and cash, which he suggests may be a trend in retaining this optionality.&nbsp; 
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 Update: <a href="https://twitter.com/vaneck_us?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@vaneck_us</a> has submitted an S-1 Amendment for their spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> ETF. They’ve been trying to launch this thing for so many years that it’s amendment number 5 for them. <a href="https://t.co/hBugrf8NVK" target="_blank">pic.twitter.com/hBugrf8NVK</a>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1733116210764530050?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 8, 2023</a>
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However, at the same time, Seyffart noted that 19b-4 approvals might initially limit creations to cash, pending potential updates for confirmation. For this reason, there is still ongoing anticipation for further clarity. 
At the end of October,&nbsp;<a href="https://crypto.news/vaneck-submits-amended-bitcoin-etf-application-to-sec/" target="_blank" rel="noreferrer noopener">VanEck submitted an amended application</a>&nbsp;for a spot Bitcoin ETF to the U.S. SEC. It presented revised filings related to its fund seeding in what was said to be a move different from other applicants in the spot Bitcoin ETF market. 
 You might also like: <a href="https://crypto.news/fidelity-spot-bitcoin-etf-listed-on-dtcc/"> Fidelity spot Bitcoin ETF listed on DTCC </a> 
At the time, this amendment aligned with a broader trend of revised applications for spot Bitcoin ETFs. In the previous month, 
<a href="https://crypto.news/blackrock-and-bitwise-amended-applications-for-spot-bitcoin-etf-yet-again/" data-type="link" data-id="https://crypto.news/blackrock-and-bitwise-amended-applications-for-spot-bitcoin-etf-yet-again/">Bitwise</a> Asset Management similarly amended its application to address concerns raised by the SEC, followed by <a href="https://crypto.news/tag/ark/" data-type="link" data-id="https://crypto.news/tag/ark/">ARK</a> Invest and 21Shares. 
As the community awaits further updates in the spot Bitcoin ETF race, investors have been quick to cling to any promising news, spurring on Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>)&nbsp;prices. 
At the time of writing, Bitcoin was trading at $43,950, up over 14% in 24 hours. 
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 Bitcoin price | Source: CoinMarketCap
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 Read more: <a href="https://crypto.news/secs-discussion-with-bitcoin-etf-issuers-has-moved-into-a-key-stage/"> SEC’s discussion with Bitcoin ETF issuers has moved into a key stage </a>

Vaneck submits fifth amendment for Bitcoin ETF launch

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