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Asset manager VanEck filed a fifth amended application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on Dec. 8.<\/p>\n
According to the regulator\u2019s database, the amended filing to the S-1 Form with the United States Securities and Exchange Commission (SEC) highlights updates to the VanEck Bitcoin Trust.\u00a0A spot Bitcoin ETF is an investment vehicle that lets people buy shares in a fund that tracks the price of Bitcoin.<\/p>\n The VanEck ETF is now expected to be listed under \u201cHODL,\u201d which is a misspelling of \u201chold\u201d or an acronym for \u201chold on for dear life.\u201d Bitcoiners use the phrase to describe a strategy of buying and never selling the digital asset.\u00a0<\/p>\n I like this play\u2026<\/p>\n Retail who knows crypto space will love the ticker.<\/p>\n Boomers will have no idea what it means, so won\u2019t attract negative attention on advisor statements (plus a lot of advisors preach \u201cHODL\u201d in other asset classes anyways).<\/p>\n Good straddle here.<\/p>\n \u2014 Nate Geraci (@NateGeraci) December 8, 2023<\/a><\/p><\/blockquote>\n VanEck\u2019s ticker symbol for the spot Bitcoin ETF got the attention of analysts on X (formerly Twitter). Nate Geraci, president of the advisory firm The ETF Store,\u00a0commented<\/a> that people familiar with crypto will appreciate the ticker, except boomers who won\u2019t understand it. He said the ticker would help avoid negative attention on adviser statements, as many advisers already advocate hodling in different asset classes.<\/p>\n\n