VanEck files for new ETF to track crypto and gold mining companies
The ETF will track securities in an index that measures the performance of gold mining and digital assets mining firms, according to the filing.
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The ETF will track securities in an index that measures the performance of gold mining and digital assets mining firms, according to the filing.
BTC’s market cap is much smaller than gold, but Bitcoin’s daily volume and the amount held under management by funds suggests that the cryptocurrency is trading at a heavy discount.
“This campaign aims to educate and inspire the investment community to take action and make their voices heard on this historic decision,” said Michael Sonnenshein.
Gary Gensler reiterated his stance of being technology-neutral, but that he would give “careful consideration” to the concerns Representatives Tom Emmer and Darren Soto raised.
Crypto investors still hope that the U.S. Securities and Exchange Commission will approve a spot-based BTC ETF one day, but data shows it has good reason not to.
Investors air their thoughts as to why the SEC should approve the conversion of Grayscale’s BTC Trust into a spot ETF.
CoinShares data reveals that the worst of the crypto market downturn may have passed as institutions bought the dip.
The news from TMX Group arrives as cryptocurrencies are increasingly gaining interest from investors and companies.