Continuing a trend of similar action, VanEck has officially filed a registration of securities with the US Securities and Exchange Commission (SEC) for its Spot Bitcoin ETF. Indeed, the development follows similar action taken by prospective issuers Fidelity and Grayscale.
VanEck is one of the more than a dozen applicants to provide the first approved spot Bitcoin ETF in the United States. Subsequently, the registration appears to be a crucial step in the promise. Moreover, it indicates that approval is all the more likely heading into next week’s deadline.
Also Read: VanEck Releases New Spot Bitcoin ETF Commercial
VanEck Files Registration of Securities for Bitcoin ETF
Throughout 2023’s closing months, anticipation for a Spot Bitcoin ETF in the United States reached an all-time high. Despite recent rumblings that rejection could be granted for the more than a dozen applications, that optimism appears to be carrying over into the new year.
Now, the process for several prospective issuers has carried on to a crucial step. Aligning with that, VanEck has recently filed a registration of securities with the SEC for its Spot Bitcoin ETF. Subseuqnlety, that filing has been one of many made public as the race for the ETF nears its final days
Also Read: VanEck Predicts First Spot Bitcoin ETF Approval for Q1 2024
Both asset management firms Fidelity and Grayscale have completed similar filings with the SEC. Alternatively, Goldman Sachs is among the entities that are seeking vital roles in these burgeoning investment products. Specifically, it had sought to be the AP of both BlackRock and the aforementioned Grasyacles ETFs.
These developments are undoubtedly showcasing the increased likelihood of approvals by the SEC. Moreover, industry experts have maintained that a target date for such approvals would be between January 8th and 10th. Either way, that deadline should arrive with a decision having been made.