VanEck files updated spot Bitcoin ETF application

Updated spot Bitcoin ETF application filed by VanEck On the day of the deadline, the asset management changed to cash-only subscriptions, similar to the majority of issuers requesting permission for a spot Bitcoin ETF, and filed an amended S-1 Form with the SEC. A promotional film for the spot BTC ETF was also launched by VanECK on December 29 on X, in advance of the anticipated approval in early January. As businesses appear to be getting more prepared, Hashdex, another asset management vying for the same cryptocurrency fund, also published promotional materials and submitted a fresh S-1. In order to position themselves for what MicroStrategy CEO Michael Saylor claims would be the largest development on Wall Street in more than three decades, issuers and custodians have also seen leadership changes. Invesco's head of the ETF business was stolen by Grayscale, and Coinbase Custody CEO Rick was replaced by Aaron Schnarch.