Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note
On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset. There’s a new bitcoin (BTC) exchange-traded note available on the exchange Deutsche Böerse Xetra, a marketplace....
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After failing to get approval from the SEC in 2019, the investment management firm finally gets a Bitcoin ETP to market. After spending much of 2019 unsuccessfully lobbying to get its exchange-traded fund, or ETF, approved by the United States Securities and Exchange Commission, investment management fund VanEck has finally launched a Bitcoin-backed exchange-traded product.However, according to a Nov. 25 tweet from the company’s digital asset strategist Gabor Gurbacs, the product is an exchange-traded note rather than an ETF, and is listed not on a U.S. exchange, but Germany’s Deutsche....
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According to a Form S-1 filed with the U.S. Securities and Exchange Commission (SEC), asset manager VanEck Digital Assets has filed for an Ethereum Exchange Traded Fund (ETF). Called VanEck Ethereum Trust, it would trade on the exchange Cboe BZX, if approved. The investment product would track the MVSI CryptoCompare Ethereum Benchmark Rate and would […]
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