The Block Video Teases “Buy Bitcoin” Sign
A 19-second video posted by asset manager VanEck on Twitter showed a sign that said “Buy Bitcoin.” The video was released on the same day that VanEck filed an updated S-1 form with the SEC. Several firms, including BlackRock and Fidelity, are vying for a spot bitcoin ETF, and the SEC has recently been meeting with representatives from these firms to discuss technical aspects of their proposals.
VanEck Clarifies Video as “Teaser vid”
In response to the video, VanEck clarified in a post that it was not an ad or commercial but rather a “teaser vid made by intern in 10 min.” This is not the first time VanEck has posted such a video.
VanEck’s Proposed Fund Favors Cash Redemption Model
In its latest filing, VanEck seemed to lean towards a cash redemption model for its proposed fund. This model is favored by the SEC, according to analysts. The filing also included risk disclosure language regarding the SEC’s disapproval of In-Kind transactions.
About the Author
Nathan Crooks is the U.S managing editor at The Block and has extensive experience in journalism, including covering major news events. He holds a bachelor’s degree from the University of Toronto and an MBA from American University.
Hot Take: VanEck’s Cryptic Video Sparks Speculation
A recent cryptic video posted by VanEck on Twitter showing a sign that said “Buy Bitcoin” has sparked speculation about the company’s intentions. While some believe it may be a marketing ploy, VanEck clarified that it was a “teaser vid” made by an intern. The video comes as VanEck filed an updated S-1 form with the SEC, indicating progress in its pursuit of a spot bitcoin ETF. With several firms vying for approval from the SEC, the race for a bitcoin ETF continues to heat up. Only time will tell if VanEck’s efforts will be successful.
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