Share this article
State Street Would Be the Fund Administrator for VanEck’s Pending Bitcoin ETF
The global custodian would custody ETF shares and provide fund accounting if the ETF approved by the SEC.
Updated Sep 14, 2021, 12:19 p.m. Published Mar 2, 2021, 5:29 p.m.
Boston-based State Street would act as the fund administrator and transfer agent for a bitcoin exchange-traded fund (ETF) for which investment manager VanEck is seeking approval from the U.S. Securities and Exchange Commission (SEC).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Should the SEC approve the ETF, State Street would provide services including ETF basket operations, custody of the ETF shares, fund accounting, order taking and transfer agency, the global custodian announced on Tuesday.
On Monday, the Chicago Board Options Exchange (CBOE) filed a Form 19b-4, announcing its intention to list shares of VanEck’s bitcoin exchange-traded fund (ETF). The form starts a regulatory review process that could lead to the first approved bitcoin ETF in the U.S.
State Street has served as an administrator for VanEck’s Australia ETF business since 2016. VanEck’’s Ireland-, Netherlands- and U.S.-based ETFs are also administered by State Street.
““We are pleased to continue expanding our relationship with VanEck to support [its] innovative advancements in the ETF market; including the VanEck Bitcoin Trust,” Nadine Chakar, head of State Street Global Markets, said in a press release.
“The work we have underway with VanEck is another example of State Street continuing to deliver on our broader strategy of building out the crypto and digital assets ecosystem, which is focused on creating digital cash; custody and post trade services; trading; and token issuance for these new asset-types,” Chakar said.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ICP Rises, Keeping Price Above Key Support Levels
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.
What to know:
- ICP rose 0.6% to $3.44 as early session volume surged 31% above average before fading.
- Resistance near $3.52–$3.55 rejected multiple breakout attempts, keeping the token range-bound.
- Support between $3.36–$3.40 held firm, maintaining ICP’s short-term higher-low structure.
Top Stories
