Breaking: Investment Firm With $49 Billion AUM Files SEC Registration For Bitcoin ETF

Published by
Breaking: Investment Firm With $49 Billion AUM Files SEC Registration For Bitcoin ETF

VanEck, a New-York based investment management firm just filed for their upcoming Bitcoin Fund with Securities and Exchange Commission (SEC).  The investment fund manager’s interest in Bitcoin only highlights the growing interest of mainstream financial giants towards Bitcoin. Prior to VanEck’s SEC filing today, GreenPro another publicly traded company filed for a $100 million Bitcoin fund. Skybridge Capital another multi-billion dollar asset manager has invested $183 million towards its bitcoin fund.

Prior to these Bitcoin trust filings, the S&P Dow Jones Index also announced that they would be launching two crypto indices in the coming year that would trade on the S&P 500 marking the arrival of Bitcoin to the mainstream.

Advertisement

VanEck Joins the Growing List of Bitcoin ETFs in the US

VanEck’s upcoming Bitcoin fund would be competing against the very popular Grayscale  Bitcoin Trust (GBTC). The upcoming Bitcoin trust would be an exchange-traded fund that would issue shares to the customers that would trade on Cboe BZX Exchange, Inc. The shares would be valued based on MVIS® CryptoCompare Bitcoin Benchmark Rate, which aggregates the data from top cryptocurrency exchanges. The firm in its SEC filing wrote

Shareholders who decide to buy or sell Shares of the Trust will place their trade orders through their brokers and may incur customary brokerage commissions and charges. Prior to this offering, there has been no public market for the Shares. The Shares are expected to be listed for trading, subject to notice of issuance, on the Exchange under a ticker symbol to be announced prior to commencement of trading.

The new Bitcoin ETF would allow institutional investors to get better exposure to Bitcoin. VanEck already has the experience of managing a Bitcoin fund after it launched a Bitcoin ETP in Europe.

Gabor Gurbacs, Director at VanEck took to Twitter to announce their new Bitcoin fund and assured that they would continue to work with regulators to bring better Bitcoin innovation to the US.

The Coronavirus outbreak this year has changed the financial dynamics of the world and made Bitcoin the emerging hedging asset of the world. What many bitcoin proponents have claimed for many years has really started to reflect during the ongoing pandemic, as more institutions have chosen Bitcoin over gold. Long-time gold proponents have even cut their exposure to gold to invest more in bitcoin proving Bitcoin as a better store of value than gold during the ongoing pandemic.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Altcoin News

ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing

Crypto exchange Binance on Monday said it will list next-generation decentralized perpetual exchange Aster's crypto…

October 6, 2025
  • Altcoin News

Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?

A whale alert regarding a massive $55 million XRP transfer to a Ripple wallet sparked…

October 6, 2025
  • 24/7 Cryptocurrency News

Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?

BNB-based decentralized exchange (DEX) Aster has come into the limelight recently, this time facing integrity…

October 6, 2025
  • Bitcoin News

Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish

Spot Bitcoin ETFs saw nearly $3.3 billion in net inflows last week, the 2nd largest…

October 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B

Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…

October 5, 2025
  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025