VanEck files fifth amendment for spot Bitcoin ETF under ‘HODL’
Analysts on the X platform, formerly known as Twitter, say ticker code could help avoid negative attention on adviser statements.
Asset manager VanEck filed a fifth amended application for a spot Bitcoin exchange-traded fund (ETF) on Dec. 8.
According to the regulator’s database, the amended filing to the S-1 Form with the U.S. Securities and Exchange Commission (SEC) highlights updates to the VanEck Bitcoin Trust, a spot Bitcoin exchange-traded fund. A spot Bitcoin ETF is an investment vehicle that lets people buy shares in a fund that tracks the price of Bitcoin.
The VanEck ETF is now expected to be listed under “HODL”, which is either a misspelling of “hold” or an acronym for “hold on for dear life.” Bitcoiners use the phrase to describe a strategy of buying and never selling the digital asset.
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Author: Amaka Nwaokocha
