{"id":280566,"date":"2021-06-22T11:45:27","date_gmt":"2021-06-22T08:45:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vaneck-files-for-a-new-bitcoin-futures-mutual-fund-with-us-sec\/"},"modified":"2021-06-22T11:45:27","modified_gmt":"2021-06-22T08:45:27","slug":"vaneck-files-for-a-new-bitcoin-futures-mutual-fund-with-us-sec","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vaneck-files-for-a-new-bitcoin-futures-mutual-fund-with-us-sec\/","title":{"rendered":"# VanEck files for a new Bitcoin futures mutual fund with US SEC"},"content":{"rendered":"

“# VanEck files for a new Bitcoin futures mutual fund with US SEC <\/strong>”
\n<\/p>\n

United States investment management firm VanEck has filed for a new Bitcoin (BTC) futures mutual fund with the Securities and Exchange Commission.<\/p>\n

According to a prospectus filed<\/a> Monday, the new \u201cBitcoin Strategy Fund\u201d will invest in Bitcoin futures contracts as well as pooled investment vehicles and exchange-traded products that provide exposure to Bitcoin. The fund will not invest in Bitcoin or other cryptocurrencies directly. <\/p>\n

The fund will have exposure to certain Bitcoin futures through its fully-owned subsidiary operating in the Cayman Islands. \u201cThe subsidiary has the same investment objective as the fund and will follow the same general<\/a> investment policies and restrictions, except that unlike the fund, it may invest without limit in Bitcoin futures,\u201d the prospectus notes.<\/p>\n

The fund\u2019s portfolio will be managed by Gregory Krenzer, the deputy portfolio manager for the VanEck Commodity Index Strategy and head of active trading with extensive experience in commodities, natural resource equities and emerging markets. Krenzer has been with the Van Eck Associates Corporation since 1994 and has over 25 years of experience in the international and financial markets.<\/p>\n

Related: <\/em><\/strong>SEC warns of Bitcoin futures risks in mutual funds<\/em><\/strong><\/p>\n

The latest filing comes just a few days after the SEC delayed app<\/a>roval of VanEck\u2019s Bitcoin ETF, VanEck Bitcoin Trust, for the second time this year. The SEC is seeking additional public comments, extending the review period by 45 days.\u00a0<\/p>\n

Since Cameron and Tyler Winklevoss first attempted to get SEC approval for a Bitcoin ETF back in 2017, the securities regulator has rejected numerous efforts to launch such a product and has yet to approve a BTC ETF to date. Meanwhile, other countries like Canada have been moving forward with Bitcoin ETFs, with 3iQ and CoinShares\u2019 Bitcoin ETF going live on the Toronto Stock Exchange in April 2020.<\/p>\n