Vaneck Bitcoin Futures ETF receives the green light from SEC - Fund is part of ProShares BTC ETF Listing an der Nyse -

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Vaneck Bitcoin Futures ETF receives the green light from Sec - Fund is part of ProShares Btc Etf Listing an Nyse

The asset manager Vaneck will launch his Bitcoin Futures Exchange Traded Fund (ETF) in the USA after the Proshares ETF, which started on Tuesday. According to the ineffective submission to the US Securities and Exchange Commission (SEC), the introduction of the Vaneck-Bitcoin futures ETFs is approved for the listing after October 23.

The Bitcoin Futures ETF from Vaneck is the second US fund that receives the approval of the supervisory authorities

This week the stock market -traded Fund ProShares Bitcoin Strategy ( Bito ) started with a lot of fanfare and the volume of the ETFs broke records on Tuesday. The next day Bitcoin ( btc ) the spot markets broke an all-time price (ATH) per unit. In addition, the asset manager Vaneck published his Bitcoin-Futures-ETF post -effective submission On Wednesday, which indicates that the SEC gave the green light on the listing on the NYSE Arca.

The vaneck permit after the entry into force of the submission so that the fund after October 23rd In 2021 it is listed, which means that the ETF can be listed on Monday, October 25, 2021.

The ticker of the Vaneck Bitcoin Strategy ETF will be "XBTF" and the fund uses Bitcoin Futures Contracts with cash compensation. The Vaneck ETF summary shows that the fund "does not invest directly in Bitcoin or other digital assets". After the publication of the post-enforcement, Nate Geraci, the co-founder of the ETF institute tweeted about the admission. “Vaneck [IS] Take the Bitcoin Futures-ETF party next week”, Geraci called .

The vaneck approval follows the phenomenal market performance Bitcoin Strategy Exchange Traded Fund (Bito) saw on Tuesday. Eric Balchunas, Senior Etf-Analyst at Bloomberg on Wednesday that Bito already "at the top 30% of the ETFs heard and almost my 750 million.

Vaneck's decision to apply for a Bitcoin futures ETF, followed the statements of Gary Gensler to Futures-based funds

Vaneck decided to apply for the Bitcoin Strategy ETF on August 10 after the second chairman Gary Gensler commented this week. At that time, Gensler said that he was looking forward to checking ETFs that are particularly connected to Bitcoin futures. He mentioned the US Investment Company Act from 1940 as possibly sufficient for regulation.

Gary Gensler also talked about the approval of the proshares-bitcoin-ETF during an interview With CNBC on Tuesday and said: "Bitcoin futures were supervised by our sister agency, Commodity Futures Trading Commission, [CFTC], which I once honored and proud to serve there, and that was four years ago."

The approvals for Bitcoin Futures ETFs from Proshares and Vaneck mark a milestone for Bitcoin-related stock market-traded funds in the United States. For the first time, US investors can take part in an ETF that has some connections to the leading crypto-asset Bitcoin ( btc ).

However, the USA is not the first North American ETFs that have been approved because Canada has approved some Bitcoin-related ETFs in the past 12 months. While October 23 is a Saturday, the community expects the Vaneck-Bitcoin futures ETF to write down the following Monday, October 25th.

What do you think that Vaneck is given approval to write down his Bitcoin Futures ETF in the USA? Let us know your opinion on this topic in the comments below.

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