Possession supervisor VanEck submitted a 5th modified application for an area Bitcoin exchange-traded fund (ETF) on Dec. 8.
According to the regulator’s database, the changed filing to the S-1 Form with the U.S. Securities and Exchange Commission (SEC) highlights updates to the VanEck Bitcoin Trust, an area Bitcoin exchange-traded fund. An area Bitcoin ETF is a financial investment car that lets individuals purchase shares in a fund that tracks the cost of Bitcoin.
The VanEck ETF is now anticipated to be noted under “HODL”, which is either a misspelling of “hold” or an acronym for “hang on for dear life.” Bitcoiners utilize the expression to explain a technique of purchasing and never ever offering the digital property.
I like this play …
Retail who understands crypto area will like the ticker.
Boomers will have no concept what it implies, so will not bring in unfavorable attention on consultant declarations (plus a great deal of consultants preach “HODL” in other property classes anyways).
Excellent straddle here.
— Nate Geraci (@NateGeraci) December 8, 2023
VanEck’s ticker sign for the area Bitcoin ETF got the attention of experts on the X platform, previously referred to as Twitter.
