VanEck, Waiting for Verdict on Bitcoin ETF, Starts Taking Private Crypto Bets
The bitcoin fund launched last month and appears to have one $10 million investment so far, SEC filings show.
This is the second time the regulator has extended its review period of the VanEck bid by 45 days.
The products trading under the tickers MVDA10 and MVDA25 will use CryptoCompare’s market data and give investors exposure to digital assets.
The fund, managed by Gregory Krenzer, will invest in bitcoin futures and exchange-traded products with bitcoin exposure.
The four investment firms listed a total of nine bitcoin and ethereum ETPs on the Euronext Paris stock exchange today.
The VanEck Vectors Bitcoin ETN and VanEck Vectors Ethereum ETN will be listed on the two exchanges in Europe on Tuesday with a total expense ratio of 1%.