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Coin Edition 2023-10-30 10:34:00

VanEck Bitcoin ETF May Use Bitcoin for Seed Funding

According to lawyer Scott Johnsson, the updated prospectus for VanEck’s proposed Bitcoin spot ETF contains seed funding language similar to BlackRock’s filing. However, instead of using cash for seed funding, VanEck recommends using actual bitcoin. Seed funding is when financial institutions contribute capital to purchase an ETF’s underlying assets in exchange for shares that can The post VanEck Bitcoin ETF May Use Bitcoin for Seed Funding appeared first on Coin Edition .

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