🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Investment Firm VanEck Applies for a Crypto Mining-backed ETF with the SEC

Investment Firm VanEck Applies for a Crypto Mining-backed ETF with the SEC

The global investment management company has filed an application with the Securities and Exchange Commission (SEC) for an ETF to track companies that engage in crypto mining operations.

Based on a recent filing issued on the SEC website, VanEck has submitted an application to track the global digital asset mining index. Alongside the crypto ETF, the investment company will also be tracking gold mining firms.

At the moment, VanEck has approximately $63 billion assets under management through exchange-traded funds.

What is Web3? (Animated Explanation + Examples)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Web3? (Animated Explanation + Examples)

What is Web3? (Animated Explanation + Examples) What is Web3? (Animated Explanation + Examples)

With the new crypto and gold mining ETFs, the investment firm will be tracking cryptocurrency and gold mining indexes without directly investing in the actual assets.

While VanEck had its proposition for a crypto ETF denied by the SEC back in 2021, the application for a new exchange-traded fund is presumably related to the executive order on crypto regulations which is expected to be signed by the US president sometime this week. 

Likewise, back in December of 2021, VanEck issued a strategy proposal to the SEC on investing in Bitcoin, exchange-traded products, or ETPs, and future contracts.

Earlier in February, the largest cryptocurrency management company in South America QR Asset launched its own ETF that tracks Brazil's stock exchange, with shares sold for as low as $2.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating