Share this article
New Bitcoin ETF Effort Launched by Money Management Firm
A US-based money manager is seeking to launch an exchange-traded fund (ETF) tied to the price of bitcoin.
By Wolfie Zhao
Updated Sep 13, 2021, 6:49 a.m. Published Aug 14, 2017, 3:45 p.m.
Make us preferred on Google
A US-based money manager wants to launch an exchange-traded fund (ETF) tied to the price of bitcoin.
VanEck, which is headquartered in New York, is seeking to create the "VanEck Vectors Bitcoin Strategy ETF". The goal, SEC filings reveal, is to have the ETF listed on the Nasdaq exchange.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to a preliminary prospectus published on August 11, the fund won't directly invest in bitcoin as is case with other ETFs tied to the cryptocurrency. Rather, it will purchase stakes in derivatives and financial products that offer exposure to bitcoin market developments.
As explained in the filing:
"The Fund seeks to achieve its investment objective by investing, under normal circumstances, in U.S. exchange-traded bitcoin-linked derivative instruments ("Bitcoin Instruments") and pooled investment vehicles and exchange-traded products that provide exposure to bitcoin (together with Bitcoin Instruments, "Bitcoin Investments")."
The ETF won't be limited to just bitcoin-tied securities, however. Beyond that, the fund will also invest in US Treasury bonds, money market funds and cash, among other possible assets, according to the prospectus.
The latest ETF bid comes on the heels of growing activity on the cryptocurrency derivatives front.
Last month, the US Commodity Futures Trading Commission granted a derivatives clearing organization license to startup LedgerX, and options exchange CBOE plans to launch such products later this year.
Whether the SEC will approve the ETF remains to be seen, given that it's an area that the regulator has resisted in the past.
SEC officials shot down two separate bids in March, including one spearheaded by investors Cameron and Tyler Winklevoss. In the latter case, the agency has since moved to launch a review of that decision, the results of which are expected later this year.
Stock traders image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Mais para você
Bitcoin’s weakness versus gold and equities puts quantum computing fears back in focus
Some investors have revived concerns that quantum computing could threaten bitcoin, but analysts and developers say recent price weakness reflects market structure.
O que saber:
- Bitcoin’s recent price stagnation has sparked a renewed debate over quantum-computing risks, with investor Nic Carter arguing that quantum fears are already shaping market behavior.
- On-chain analysts and prominent investors counter that the slowdown is better explained by large holders taking profits and increased supply hitting the market around the $100,000 level.
- Most bitcoin developers still view quantum attacks as a distant, manageable threat, noting that proposed upgrades like BIP-360 provide a path to quantum-resistant security and are unlikely to explain short-term price moves.
Top Stories
