VanEck Launches New Bid for Crypto ETF
Last Updated: 22 January 2021
VanEck, a top investment management firm, has been fighting to get the first crack at a Bitcoin exchange-traded fund (ETF) for years now. With a new set of hands helming the Securities and Exchange Commission (SEC), the firm is giving its pursuit another try.
Switching Things Up
Earlier this week, the New York-based investment firm filed for a new Bitcoin ETF with the SEC. Dubbed the Digital Assets ETF, the financial product is designed to monitor the performance of the Global Digital Assets Equity Index.
Launched in 2018 by VanEck’s subsidiary MV Index Solutions, the Digital Assets Equity Index gets equities prices from three over-the-counter (OTC) trading desks – Cumberland, Genesis Trading, and Circle Trade.