VanEck Files “Bitcoin Strategy ETF”, Likely to Be Approved

VanEck, an asset management firm, filed a Bitcoin Strategy ETF to get approval from the SEC. And according to the SEC’s chairs it can get approval easily. 

For a few months, many fund manager companies are showing their huge inclination toward Bitcoin Investment through the concept of Exchange-Traded-Fund ( ETF). In recent approval of Brazilian ETF “BITH11” can be seen which got huge interaction from the crypto community. Now this is the “Bitcoin Strategy ETF” which is very close to getting approval, as per analysis.

Read also: First Eco-Friendly Brazilian Bitcoin ETF Launched

Last time, VanEck filed for the Ethereum ETF in June. Now this time they are doing the same but with Bitcoin. But here this ETF concept is slightly differ from the last one. In the Bitcoin Strategy ETF, VanEck is going to implement the use of Bitcoin futures trading & other Bitcoin funds.

Eric Balchunas, who is senior analyst of the ETF for Bloomberg, shared this news on twitter and claimed that there are huge chances that it will get approval by the securities and exchange commission ( SEC) easily. 

Here we can also suppose that probably VanEck will get approval easily because last time they applied for Ethereum ETF to get approval by June 20. And also they applied for Bitcoin ETF multiple times. The last Bitcoin ETF filed by VanEck in December 2020. Now this time VanEck comes to know the mistakes & ready by fixing them, so there are huge chances that “Bitcoin Strategy ETF” will get approval.

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