VanEck Chooses HODL Ticker for its Bitcoin ETF in Updated Filing

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VanEck has submitted an updated application to launch an exchange-traded fund (ETF) based on the spot price of Bitcoin, with the product ticker listed as the HODL meme.

The term gained popularity in the crypto community due to a typo made by Bitcointalk user GameKyuubi in December 2013.

Despite the downward trend in Bitcoin’s price, GameKyuubi expressed his decision to continue holding the digital asset, unintentionally misspelling the word holding.

He explained that he was not an experienced trader and decided to bet on long-term growth.

The term HODL later evolved into an acronym, representing Hold On for Dear Life and becoming a popular strategy among cryptocurrency investors.

Bloomberg ETF analyst Eric Balchunas commented on VanEck choosing the HODL ticker, stating that it will attract the interest of young crypto investors, in contrast to “boring boomer options” offered by other companies like BlackRock, Invesco, and Fidelity.

He also noted that VanEck has a well-established retail base, unlike its competitors.