Investment management giant VanEck has filed with the SEC for a new spot Bitcoin ETF.
VanEck has filed a new filing eight months after the US Securities and Exchange Commission (SEC) rejected its spot ETF application. The filing comes just after the SEC rejected Grayscale and Bitwise’s spot bitcoin ETF applications the other day.
As is known, the SEC continues its distancing approach to a spot Bitcoin ETF. While joining the list of those who will list a spot Bitcoin ETF in Europe in the past days; The US still delays or rejects applications for reasons such as market manipulation and protecting investors. Saying that this approach is arbitrary, Grayscale CEO Sonnenshein sued the institution after his application was rejected.
