VanEck has made amendments to its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The updated filing removes the allowance for in-kind transactions involving Bitcoin, stating that only cash transactions will be permitted. The filing also mentions a potential partnership with Coinbase Custody as an additional custodian, although this is not guaranteed. VanEck has released a teaser video titled “Born to Bitcoin,” but denies that it is an advertisement.

Other firms, including Ark Invest, Grayscale, BlackRock, and Pando Asset AG, have also submitted amendments to their applications in response to a request from the SEC to change in-kind models to cash models. The final date for companies to submit changes to their applications was December 29, and it is believed that the SEC will approve a spot Bitcoin ETF by January 10, 2024.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Bitwise, BlackRock, Hashdex, VanEck, Ark Invest, Coinbase Custody, U.S. Securities and Exchange Commission (SEC), Pando Asset AG, Grayscale
Currencies	Bitcoin
Securities	None