CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Crypto News » VanEck Files Another Application With the SEC for a Spot Bitcoin ETF

VanEck Files Another Application With the SEC for a Spot Bitcoin ETF

Author: Dimitar Dzhondzhorov

Last Updated Jul 1, 2022 @ 14:39

The New York-based company still has ambitions to launch a spot Bitcoin ETF in the States, filing a new application with the SEC.

Getting your audio player ready...

The global investment manager VanEck seems quite determined to introduce a spot Bitcoin exchange-traded fund (ETF) in the United States. Despite its previous rejections, the company filed a new application with the SEC.

VanEck Tries Again

It has been evident that one of VanEck’s main goals is to list an ETF that tracks the performance of bitcoin. Over the past several months, the New York-based firm has sought the US SEC’s approval numerous times but to no avail so far.

Its most recent request was rejected in November 2021. Back then, the American watchdog argued that VanEck failed to complete previous hurdles, which were “designed to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest.”

As expected, Gabor Gurbacs – VanEck’s Director of Digital Assets – was unhappy with the SEC’s decision, saying that the aforementioned suggestion is not a valid enough reason for the refusal. He also opined that a physical Bitcoin ETF “is arguably the most investor-friendly option today.”

The prior failures have not changed the investment management giant’s ambitions, and it recently filed another application for a spot BTC ETF with the regulator.

“The only consistent outcome would be approving spot Bitcoin ETPs on the basis that the Bitcoin futures market is also a regulated market of significant size as it relates to the Bitcoin spot market,” the company stated in its document.

The SEC has until March 3, 2023, to decide whether to approve this application. It is worth noting that earlier this week, the regulator dismissed another similar application – this time coming from Grayscale. The latter aimed to introduce a spot Bitcoin ETF on the NYSE Arca exchange, but the SEC said the proposal did not meet standards designed to prevent fraudulent and manipulative market practices.

Shortly after, Grayscale’s CEO – Michael Sonnenshein – claimed that the decision was against the Administrative Procedure Act and Securities Exchange Act, assuring that his company launched a lawsuit against the agency.

VanEck’s Interaction With Ethereum

Apart from a product that tracks the performance of bitcoin, VanEck has also displayed intentions to release an Ethereum ETF. If approved by the SEC, it will become the first of its kind available on the US market.

Two months ago, VanEck collaborated with the South Korean creative NFT agency – NUMOMO – to launch its new non-fungible token collection. The firm plans to release 1,000 digital collectibles, which will be powered by Ethereum. JP Lee – VanEck Community NFT Co-Founder – commented:

“Our NFTs will all feature eye-popping 3D avatars and narrative-style videos that will help create a real sense of story and spur discussion, debate, and community. Our character ‘Hammy’ is going to be an outstanding guide for anyone interested in seeing the past, present, and future of finance unfold.”

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Tags: Bitcoin ETF United States VanEck
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Dimitar Dzhondzhorov
More posts by this author

Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

11 Best Meme Coins to Watch in June 2025

11 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!