VanEck Updates Spot Bitcoin ETF Filing With “HODL” As Ticker

VanEck, an ETF and mutual fund supervisor, on Friday has submitted an up to date spot Bitcoin exchange-traded fund (ETF) submitting with the U.S. Securities and Exchange Commission (SEC). VanEck spot Bitcoin ETF can be listed for buying and selling on the change underneath the ticker image ‘HODL.’ Now all eyes are on the SEC because the January deadline looms.

VanEck Updates Its Spot Bitcoin ETF Filing

Asset administration agency VanEck has up to date its spot Bitcoin ETF, VanEck Bitcoin Trust, in response to an S-1 filing with the U.S. Securities and Exchange Commission (SEC) on December 8. The spot Bitcoin ETF can be listed with the ticker HODL.

VanEck advisor Gabor Gurbacs took to X, saying “The best ticker in the Bitcoin ETF race just dropped: HODL”. He is worked up about this growth as constructive discussions with the SEC point out an approval coming subsequent 12 months.

Bloomberg ETF analyst James Seyffart stated VanEck has been making an attempt to launch a Bitcoin ETF for therefore a few years that “it’s amendment number 5 for them.”

In the final replace on October 29, VanEck highlighted its plans to seed the spot BTC ETF with funds domiciled in bodily BTC.

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VanEck Predictions on Bitcoin ETF

VanEck executives are assured concerning the approval of a spot Bitcoin ETF by the SEC in January. The firm predicts $2.4 billion in Bitcoin ETF within the first quarter and BTC value hitting $100,000 in 2024. This is marginally decrease than Galaxy Research’s prediction on spot Bitcoin ETF influx, explaining up to $14 billion in inflows throughout the first 12 months of its launch.

If the SEC approves a spot Bitcoin ETF on January 8, ETF consultants Eric Balchunas and Scott Johnsson assert buyers will be capable to commerce spot Bitcoin ETF after per week or two months most timeframe.

Also Read: Bitcoin Price Can Hit $50,000 Next Week, Predicts Popular Crypto Analysts

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