{"id":8607,"date":"2021-06-22T22:54:09","date_gmt":"2021-06-22T22:54:09","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/vaneck-files-prospectus-with-us-regulator-to-launch-a-bitcoin-mutual-fund\/"},"modified":"2021-06-22T22:54:09","modified_gmt":"2021-06-22T22:54:09","slug":"vaneck-files-prospectus-with-us-regulator-to-launch-a-bitcoin-mutual-fund","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/vaneck-files-prospectus-with-us-regulator-to-launch-a-bitcoin-mutual-fund\/","title":{"rendered":"Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund"},"content":{"rendered":"

On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. <\/strong><\/p>\n

Vaneck\u2019s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto Asset<\/h2>\n

While the fund manager Vaneck waits to hear a decision<\/a> about its exchange-traded fund (ETF) registration, the company applied with the SEC to release a mutual fund for investors who want exposure to bitcoin. The registration<\/a> filed on June 21, also notes that in addition to the Fund\u2019s bitcoin-related investments, \u201cthe fund expects to have significant holdings of cash and fixed-income investments.\u201d<\/p>\n

Vaneck will invest in bitcoin futures contracts, leverage the CME CF Bitcoin Reference Rate (BRR), and also \u201cinvest in pooled investment vehicles that invest directly or indirectly in bitcoin.\u201d The crypto mutual fund will be dubbed the \u201cBitcoin Strategy Fund\u201d and the fund\u2019s \u201cshare price and return will fluctuate with changes in the market value of the fund\u2019s portfolio securities.\u201d<\/p>\n

The fund Vaneck discusses in its prospectus will not procure bitcoin (BTC<\/a>) directly and of course, the prospectus filing mentions the risks involved with cryptocurrency markets. \u201cThe value of bitcoin and, therefore, of the fund\u2019s bitcoin-related investments, could decline rapidly, including to zero. You should be prepared to lose your entire investment,\u201d the Vaneck filing warns.<\/p>\n

<\/p>\n

Vaneck\u2019s Bitcoin ETF Delayed Twice and the Firm\u2019s Ethereum ETF Prospectus Waits in the Background<\/h2>\n

Vaneck further details that the fund\u2019s risks are not solely tied to the volatility of bitcoin prices as the fund comes with other risks as well. The wealth manager\u2019s registration form with the SEC mentions the risks involved with pooled investment vehicles, target exposure and rebalancing, borrowing and leverage, tracking errors, credit issues, and interest rate discrepancies as well.<\/p>\n

Meanwhile, Vaneck has been making moves in Europe with its exchange-traded products and the wealth manager is also looking to launch an ethereum-based ETF<\/a>. Vaneck\u2019s proposed ethereum ETF filing is aiming for a Cboe BZX listing. The company\u2019s bitcoin (BTC<\/a>)-based ETF filed back in December 2020, has so far been delayed twice by the SEC as far as the regulator\u2019s decision is concerned.<\/p>\n

What do you think about Vaneck applying with the SEC to launch a bitcoin mutual fund that invests in bitcoin futures and pooled investments? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, bitcoin etf, bitcoin etf europe, bitcoin etf us, bitcoin ETN, Bitcoin ETP, BTC ETF, Cboe BZX, crypto assets, ETF, ethereum ETF, exchange traded fund, Exposure, Regulations, Regulators, risks, S-1, SEC, US SEC, vaneck, Vaneck Digital Assets<\/p>\n","protected":false},"excerpt":{"rendered":"

On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck\u2019s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto…<\/p>\n","protected":false},"author":0,"featured_media":8608,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8607"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8607"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8608"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}