One of the world’s leading asset managers, VanEck, has filed a new application with the Securities and Exchange Commission (SEC) for a spot bitcoin ETF, just eight months after the SEC rejected its previous application.
VanEck stated in its filing that the commission relied on the futures market underlying these commodities as the regulated market of significant size for approving the number of Trust Shares based on currency and commodities such as gold, silver, palladium, copper, platinum, and other such commodities.
The recent filing of an application by VanEck also drew attention, given that the SEC had just rejected Grayscale Investments’ application for a spot bitcoin ETF the day before.
Also Read: Grayscale Files Lawsuit Against SEC Over Bitcoin ETF Rejection
