Asset management firm VanEck has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC). The amended filing reveals a unique seeding method, where the ETF will be seeded with Bitcoin. This approach differs from the seeding method used by competitor BlackRock. The filing states that an unnamed investor acquired the fund’s Seed Creation Baskets, each containing 50,000 ETF shares bought with Bitcoin. VanEck’s amended filing aligns it with other contenders such as BlackRock, Ark 21Shares, and Bitwise. The price of Bitcoin is currently trying to reclaim the $35,000 mark, following a recent high of over $35,000. The renewed optimism surrounding the possibility of approval for a spot Bitcoin ETF by the SEC has contributed to Bitcoin’s price performance.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	Scott Johnson
Companies	BlackRock, Ark 21Shares, Bitwise, U.S. Securities and Exchange Commission (SEC), VanEck
Currencies	Bitcoin
Securities	None