VanEck Files Fifth Amendment for Spot Bitcoin ETF, Proposes 'HODL' Ticker

The ETF, if approved, aims to offer investors a straightforward way to gain Bitcoin exposure, with VanEck anticipating SEC approval in January.

Asset manager VanEck has filed a fifth amended application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC).
The ETF, if approved, will trade under the ticker symbol 'HODL', a term popular in the crypto community for holding onto digital assets through market fluctuations.
The custody of the Trust's Bitcoin will be managed by Gemini Trust Company, LLC, offering investors a straightforward way to gain Bitcoin exposure through traditional brokerage accounts.
Several companies, including BlackRock, Fidelity, and Franklin Templeton, are also in the race for an approved spot Bitcoin ETF.
VanEck anticipates SEC approval for a Bitcoin ETF spot in January and estimates $2.4 billion in inflows in Q1.