This Sunday, the crypto world buzzed with talk about VanEck’s latest move in the ETF game, as they re-submitted their Bitcoin Trust ETF proposal to the U.S. SEC. Based in New York, VanEck is on a mission to get its spot Bitcoin ETF off the ground, taking a distinctive route with its fund seeding approach. This stands out even more given the SEC’s track record, having previously given VanEck’s proposal the thumbs down three times, with the latest rejection on March 10.

Finance guru Scott Johnsson was quick to point out the cool twist in VanEck’s new plan—they’re looking to use Bitcoin itself for fund seeding, stepping away from the usual cash-based method we’ve seen in other ETF proposals. The VanEck Bitcoin Trust is aiming to be a direct reflection of the performance of Bitcoin, with …