Will launch his Bitcoin Futures ETF next week

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The global investment manager Vaneck will put on a Bitcoin Futures Exchange Traded Fund (ETF) next week, shortly after Proshares received the green light for the introduction of the first BTC ETF.

From Wednesday after entry into force Submission With the Securities and Exchange Commission (SEC), Vaneck announced that it has received the approval of the SEC and is now fully authorized to launch its BTC fund next week after October 23, Saturday. Vaneck applied for the BTC Futures ETF for the first time in August. The fund will offer a commitment to Bitcoin via futures contracts and would begin "as soon as possible", which could be on Monday morning.

"The fund is an actively managed stock market-traded fund ('ETF') that tries to achieve its investment goal by investing in standardized Bitcoin futures contracts ('Bitcoin-futures') in standardized, barely circumstances that are traded on registered goods exchanges with the Commodity Futures Trading Commission ('CFTC') ” - which is noted.

Vaneck now joins proshares who launched the first Bitcoin strategy futures-backed ETF in the USA yesterday, ticked Bito. ETF of proshare has highlighted the appetite institutional investor on a fund connected to Bitcoin Futures. The new asset recorded an enormous trade volume of $ 1 billion on Tuesday. Bito wrote history by recording the second best trading day for an ETF on the first trading day. How cryptocolor reported , SEC chairman Gary Gensler approved the ETF of Proshares, since the fund contained the investor protection guidelines of the SEC, and added that the SEC is "welcome technological innovations without neglecting investor protection". Only one day after proshares BTC ETF live, the Bitcoin price bankruptcy above the $ 64,000 mark in April and reached a new ATH of over $ 67,000. The Digital Asset Manager Grayscale also submitted a "Nofollow Noopener" Target = "_ Blank" href = "https://cryptopotato.com/grayscales-spot-bit-incoin-plans-to-file-for-converting-trust-rort/" Data-Wpel-Link = "Internal"> convert your Bitcoin Trust into a publicly traded Bitcoin-Spot ETF. .