VanEck has amended its application for a spot Bitcoin ETF with the SEC. The updated application highlights that a seed capital investor acquired the Seed Creation Baskets, a block of 50,000 shares of the proposed ETF, in October. The spot Bitcoin ETF directly invests in Bitcoin, different from existing ETFs that invest in Bitcoin futures. The application adds to the increasing number of asset managers amending their applications for a spot Bitcoin ETF. The SEC has delayed its decision on several proposals for spot Bitcoin ETFs, but a decision is expected in the coming weeks.