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VanEck, the New York-based asset management firm, has submitted an amended application for a spot Bitcoin ETF to the United States SEC. Taking a unique approach that sets it apart from other applicants in the spot Bitcoin ETF market, VanEck submitted revised filings concerning its fund seeding on Oct. 27. Andddddd @vaneck_us joins the amendment filings for spot #bitcoin ETF issuers. h/t @NateGeraci pic.twitter.com/zdYuUTAaE6 — James Seyffart (@JSeyff) October 29, 2023 Notably, VanEck faced its third rejection from the U.S. SEC on March 10 for its proposal to list and trade shares of its Bitcoin Trust, further stalling its efforts to launch a spot Bitcoin ETF. These rejections are part of a broader pattern where the SEC has consistently turned down various digital asset ETFs, citing concerns over potential market manipulation. You might also like: JPMorgan foresees lawsuits for SEC on spot Bitcoin ETF rejections VanEck’s Bitcoin ETF application introduces B...

The US Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF). The SEC’s official calendar now shows BlackRock’s application will be published in the Federal Register, starting a 21-day public comment period. On the docket BlackRock’s application to launch a spot Bitcoin exchange-traded fund (ETF) has been added to the SEC docket as part of the proposed rule change process.  This latest development, recorded on July 13, represents a significant milestone for the Bitcoin-related proposal currently being screened by the SEC. BlackRock initially submitted its filing in June. However, it recently caught the attention of the SEC, prompting an update. The revised application featured a provision for “surveillance-sharing,” specifically with Coinbase. You might also like: SEC accepts bitcoin ETF applications from BlackRock, Fidelity, Galaxy Digital Before the announcemen...

According to a report, the German financial regulator BaFin rejected Binance’s application for a crypto currency custody license . Finance Forward, a news outlet, reported that Germany’s financial authority has chosen not to grant Binance a custody license for cryptocurrencies, citing sources familiar with the situation. The source did not clarify whether the refusal was an official decision made by the German Federal Financial Supervisory Authority (BaFin) or if it was conveyed during ongoing discussions. A spokesperson for Binance stated that while they could not disclose specific details of their interactions with authorities, they are trying to comply with the conditions set by BaFin. As anticipated, this process is complex and continuous.  You might also like: Binance withdraws license application in Austria BaFin has declined to comment on specific firms due to the strict requirements for maintaining professional confidentiality in Germany. According to...

Invesco, an investment management organization overseeing assets worth $1.49 trillion, recently filed a new application for a spot bitcoin exchange-traded fund (ETF). The move follows Invesco’s initial joint application with Galaxy Digital in 2021.  The latest filing highlights Invesco’s strong belief in the pressing necessity for a spot bitcoin ETF, emphasizing that the absence of such a product exposes investors to riskier alternatives. The company cited instances of platform companies facing bankruptcy, including FTX, Celsius Network, BlockFi, and Voyager Digital Holdings. https://t.co/CuTRwyJwY2 — Watcher.Guru (@WatcherGuru) June 21, 2023 According to a recent filing with the Securities and Exchange Commission (SEC), Invesco has again shown keen interest in establishing a spot bitcoin ETF. The application emphasizes the urgent need for such a product, as the lack thereof leads investors towards riskier options. Invesco believes that the availability of a...

Join Our Telegram channel to stay up to date on breaking news coverage Fujitsu, one of the biggest tech giants in Japan, has recently revealed its intention to get into crypto trading and potentially even offer crypto brokerage services. The revelation came from the trademark application that the company recently filed with the US Patent and Trademark Office. Apart from offering brokerage services for digital assets, Fujitsu apparently intends to offer other financial facilities, some of which involve cryptocurrencies, while others might not. The company filed its trademark application with the intention to register a new mark consisting of the stylized word FUJITSU, which also Features a sideways S-shaped swirl placed above the letters J and I. Fujitsu's trademark application for cryptocurrency brokerage services is a positive sign for the cryptocurrency industry, as it demonstrates that more traditional companies are recognizing the potential of cryptocurrencies and ...