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 <p class="is-style-lead">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;</p> 
 <p>The updated filing reveals their ticker $HODL.</p> 
 <p>Seyffart also described a few highlights in the <a rel="dofollow" title="amendment" href="https://thebittimes.com/tag/amendment.html">amendment</a>, 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;</p> 
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    <p lang="en" dir="ltr">Update: @vaneck_us has submitted an S-1 Amendment for their spot #Bitcoin ETF. They’ve been trying to <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> this thing for so many years that it’s <a rel="dofollow" title="amendment" href="https://thebittimes.com/tag/amendment.html">amendment</a> number 5 for them. pic.twitter.com/hBugrf8NVK</p>— James Seyffart (@JSeyff) December 8, 2023
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 <p>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.</p> 
 <p>At the end of October,&nbsp;VanEck submitted an amended application&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.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Fidelity spot Bitcoin ETF listed on DTCC 
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 <p>At the time, this <a rel="dofollow" title="amendment" href="https://thebittimes.com/tag/amendment.html">amendment</a> aligned with a broader trend of revised applications for spot Bitcoin ETFs. In the previous month,</p> 
 <p>Bitwise Asset Management similarly amended its application to address concerns raised by the SEC, followed by ARK Invest and 21Shares.</p> 
 <p>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 (BTC)&nbsp;prices.</p> 
 <p>At the time of writing, Bitcoin was trading at $43,950, up over 14% in 24 hours.</p> 
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   <img decoding="async" width="1420" height="792" src="https://cdn.thebittimes.com/images/2023/12/08/e326fdccd484552c7af13854247c7bc2.webp" alt="Vaneck submits fifth amendment for Bitcoin ETF launch - 1"> 
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   Bitcoin price | Source: CoinMarketCap
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> SEC’s discussion with Bitcoin ETF issuers has moved into a key stage 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/vaneck-submits-fifth-amendment-for-bitcoin-etf-launch-tbt73090.html">https://thebittimes.com/vaneck-submits-fifth-amendment-for-bitcoin-etf-launch-tbt73090.html</a></p>

Vaneck submits fifth amendment for Bitcoin ETF launch

TheBitTimes

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