Bitcoin ETF

Bitcoin

Spot

<div class="watcher-guru"> 
 <p><strong>Guide: What is VanEck’s Spot Bitcoin ETF Ticker?</strong></p> 
 <p>In a nod to retail investors, investment manager VanEck made a playful move by filing for a spot <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> ETF with the ticker “HODL,” a term well-known in <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> circles, standing for “hold on for dear life.” </p> 
 <p>This unconventional choice aims to resonate with those familiar with the crypto space.</p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div> 
 </div> 
 <p><strong>Also read: Bitcoin ETF Analyst Ups Approval Odds to 95% Amid S-1 Amendments</strong></p> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="988" height="564" src="https://cdn.thebittimes.com/images/2024/01/11/c169fba4ca0580b1944a61c5eab993e8.webp" alt="What is VanEck’s Spot Bitcoin ETF Ticker?" class="wp-image-124003" srcset="https://cdn.thebittimes.com/images/2024/01/11/c169fba4ca0580b1944a61c5eab993e8.webp 988w, https://cdn.thebittimes.com/images/2024/01/11/c169fba4ca0580b1944a61c5eab993e8.webp 300w, https://cdn.thebittimes.com/images/2024/01/11/c169fba4ca0580b1944a61c5eab993e8.webp 768w, https://cdn.thebittimes.com/images/2024/01/11/c169fba4ca0580b1944a61c5eab993e8.webp 380w, https://cdn.thebittimes.com/images/2024/01/11/c169fba4ca0580b1944a61c5eab993e8.webp 550w, https://cdn.thebittimes.com/images/2024/01/11/c169fba4ca0580b1944a61c5eab993e8.webp 800w" sizes="(max-width: 988px) 100vw, 988px">
  <figcaption class="wp-element-caption">
   cryptoslate.com
  </figcaption>
 </figure> 
 <h3 class="wp-block-heading" id="h-a-crypto-inspired-ticker">A Crypto-Inspired Ticker</h3> 
 <p>VanEck’s amended Form S-1 filing with the Securities and Exchange Commission (SEC) announced that the proposed spot bitcoin ETF is expected to trade under the ticker symbol ‘HODL’ once listed on the Exchange.</p> 
 <h3 class="wp-block-heading" id="h-playful-ticker-choices">Playful Ticker Choices</h3> 
 <p>This isn’t the first time a firm has injected humor into their ETF tickers.</p> 
 <p>Valkyrie, for instance, has an application for a <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> futures ETF with the ticker symbol “BTFD,” humorously translating to “buy the dip.”</p> 
 <h3 class="wp-block-heading" id="h-a-clever-play-for-attention">A Clever Play for Attention</h3> 
 <p>The choice of “HODL” as the ticker for VanEck’s spot bitcoin ETF has drawn attention and approval from analysts. </p> 
 <p>Nate Geraci, President of The ETF Store, notes that this move will likely resonate well with those familiar with <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>. Importantly, the playful ticker may fly under the radar of those less acquainted with the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> lingo, a potential advantage.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div> 
 </div> 
 <p><strong>Also read: Bitcoin: 88% US Financial Advisors Want BTC After ETF Approval</strong></p> 
 <h3 class="wp-block-heading" id="h-a-departure-from-the-norm">A Departure from the Norm</h3> 
 <p>Eric Balchunas, Bloomberg Intelligence senior ETF analyst, sees VanEck’s choice as a departure from the more conventional choices made by other major players like BlackRock, Invesco, and Fidelity. </p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>The unconventional ticker choice reflects VanEck’s niche market specialization and robust retail base.</p> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="1008" height="726" src="https://cdn.thebittimes.com/images/2024/01/11/8e000ce40b52d687e78da1bcba676da0.webp" alt="What is VanEck’s Spot Bitcoin ETF Ticker?" class="wp-image-124004" srcset="https://cdn.thebittimes.com/images/2024/01/11/8e000ce40b52d687e78da1bcba676da0.webp 1008w, https://cdn.thebittimes.com/images/2024/01/11/8e000ce40b52d687e78da1bcba676da0.webp 300w, https://cdn.thebittimes.com/images/2024/01/11/8e000ce40b52d687e78da1bcba676da0.webp 768w, https://cdn.thebittimes.com/images/2024/01/11/8e000ce40b52d687e78da1bcba676da0.webp 380w, https://cdn.thebittimes.com/images/2024/01/11/8e000ce40b52d687e78da1bcba676da0.webp 550w, https://cdn.thebittimes.com/images/2024/01/11/8e000ce40b52d687e78da1bcba676da0.webp 800w" sizes="(max-width: 1008px) 100vw, 1008px">
  <figcaption class="wp-element-caption">
   DailyCoin.com
  </figcaption>
 </figure> 
 <h3 class="wp-block-heading" id="h-a-humorous-touch-from-vaneck">A Humorous Touch from VanEck</h3> 
 <p>VanEck itself joined in on the fun. They stated “My #Bitcoin ETF* will bring all the baby boomers to the yard. *If it’s approved.” </p> 
 <p>This humorous touch adds a light-hearted element to the serious pursuit of regulatory approval for their spot <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> ETF.</p> 
 <h3 class="wp-block-heading" id="h-the-larger-landscape">The Larger Landscape</h3> 
 <p>Several prominent firms, including BlackRock, Fidelity, VanEck, Franklin Templeton, and Valkyrie, are actively seeking approval for a spot <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> ETF. </p> 
 <p>Recent meetings between the regulatory bodies indicate ongoing discussions about the technical aspects of these fund proposals.</p> 
 <h3 class="wp-block-heading" id="h-a-closer-look-at-vaneck-s-etf">A Closer Look at VanEck’s ETF</h3> 
 <figure class="wp-block-image size-large">
  <img loading="lazy" decoding="async" width="1024" height="498" src="https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp" alt="What is VanEck’s Spot Bitcoin ETF Ticker?" class="wp-image-124005" srcset="https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 1024w, https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 300w, https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 768w, https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 380w, https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 550w, https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 800w, https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 1160w, https://cdn.thebittimes.com/images/2024/01/11/b2b9768b5f75ccc3758c347e3f13ee21.webp 1202w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure> 
 <p>The amended filing to the S-1 Form with the SEC highlights updates to the VanEck Bitcoin Trust, signaling progress in the approval process. </p> 
 <p>A spot bitcoin ETF, such as the one proposed by VanEck, provides an avenue for investors to buy shares in a fund tracking the price of Bitcoin.</p> 
 <h3 class="wp-block-heading" id="h-decoding-hodl">Decoding “HODL”</h3> 
 <p>“HODL,” is intentionally misspelled from “hold,”. This acronym represents the strategy of holding onto Bitcoin without selling, a sentiment shared by many in the crypto community.</p> 
 <h2 class="wp-block-heading" id="h-conclusion"><strong>Conclusion</strong></h2> 
 <p>In conclusion, VanEck’s playful choice of the “HODL” ticker not only sets it apart in a crowded field but also adds a touch of humor to the typically formal world of financial instruments. </p> 
 <p>As the crypto community awaits regulatory decisions, VanEck’s creative approach may well resonate with those navigating the evolving landscape of digital assets.</p> 
</div> 
<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>crypto</li>
  <li>cryptocurrency</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/what-is-vaneck-s-spot-bitcoin-etf-ticker-tbt76195.html">https://thebittimes.com/what-is-vaneck-s-spot-bitcoin-etf-ticker-tbt76195.html</a></p>

What is VanEck’s Spot Bitcoin ETF Ticker?

Table of Contents

TheBitTimes

Other articles published on Jan 10, 2024

Shiba Inu Lead Dev Hints At Major Progress As SHIB Holds Key Support

MAS Seeks To Broaden Investigative Authority, Engulfs Bitcoin Futures

Pullix rises as Cardano and Chainlink add to altcoin dominance

Spot Bitcoin ETF Issuers Are Rushing To Slash Fees, Be Careful

Crucial Ryoshi Rule Shared by SHIB Member as Community Wants More BONE Listings

Did Fake ETF News Affect Famous Bitcoin Bulls? Do ATH Expectations Continue for 2024? Here are th...

Join our free newsletter for daily crypto updates!