VanEck Taps HODL as Ticker for Bitcoin ETF Bid, Approval Expected in 2023
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VanEck revealed "HODL" as the ticker for its potential Bitcoin ETF, referring to the mantra to hold Bitcoin long-term.
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VanEck is a major ETF provider that has applied to launch a Bitcoin ETF in the U.S.
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The ETF would allow mainstream investors easy exposure to Bitcoin without directly buying the cryptocurrency.
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The SEC has not yet approved a Bitcoin ETF in the U.S., though major firms like VanEck and BlackRock are vying to offer one.
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Analysts predict a Bitcoin ETF could get approved as soon as January 2023, leading to an influx of capital into crypto markets.