Buy $GGsBreaking: VanEck Updates Spot Bitcoin ETF Filing With “HODL” Ticker
VanEck, an ETF and mutual fund manager, on Friday has submitted an updated spot Bitcoin exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC). VanEck spot Bitcoin ETF will be listed for trading on the exchange under the ticker symbol ‘HODL.’ Now all eyes are on the SEC as the January deadline looms.
VanEck Updates Its Spot Bitcoin ETF Filing
Asset management firm VanEck has updated its spot Bitcoin ETF, VanEck Bitcoin Trust, according to an S-1 filing with the U.S. Securities and Exchange Commission (SEC) on December 8. The spot Bitcoin ETF will be listed with the ticker HODL.
VanEck advisor Gabor Gurbacs took to X, saying “The best ticker in the Bitcoin ETF race just dropped: HODL”. He is excited about this development as constructive discussions with the SEC indicate an approval coming next year.
Bloomberg ETF analyst James Seyffart said VanEck has been trying to launch a Bitcoin ETF for so many years that “it’s amendment number 5 for them.”
In the last update on October 29, VanEck highlighted its plans to seed the spot BTC ETF with funds domiciled in physical BTC.
Also Read: Terra Luna Classic L1TF Successfully Completed v2.3.2 Upgrade, Will LUNC Price Rally?
VanEck Predictions on Bitcoin ETF
VanEck executives are confident about the approval of a spot Bitcoin ETF by the SEC in January. The company predicts $2.4 billion in Bitcoin ETF in the first quarter and BTC price hitting $100,000 in 2024. This is marginally lower than Galaxy Research’s prediction on spot Bitcoin ETF inflow, explaining up to $14 billion in inflows during the first year of its launch.
If the SEC approves a spot Bitcoin ETF on January 8, ETF experts Eric Balchunas and Scott Johnsson assert investors will be able to trade spot Bitcoin ETF after a week or two months maximum timeframe.
Also Read: Bitcoin Price Can Hit $50,000 Next Week, Predicts Popular Crypto Analysts
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal 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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Vitalik Buterin Maps Out Quantum Risks as Ethereum Foundation Unveils ‘Strawmap’
- BlackRock Adds $289M in BTC as Bitcoin ETFs Log 2-Week High Inflows Of $500M
- Glassnode Signals Bitcoin Still Faces Downside Risk Amid Massive Sell Pressure at $70K
- U.S House Introduces Bipartisan Crypto Bill To Protect Crypto Developers Amid DeFi Push Under CLARITY Act
- XRP News: Ripple Unveils Funding Hub To Support Innovation On XRPL
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
- XRP Price Outlook As Jane Street Lawsuit Sparks Shift in Morning Sell-Off Trend
- Dogecoin, Cardano, and Chainlink Price Prediction As Crypto Market Rebounds
- Will Solana Price Rally to $100 If Bitcoin Reclaims $72K?
- XRP Price Eye $2 Rebound as On-Chain Data Signals Massive Whale Accumulation
