VanEck’s bitcoin futures ETF will launch on Tuesday - after the SEC rejected the company’s spot ETF application
markets.businessinsider.comYuichiro Chino
Asset manager VanEck's bitcoin futures exchange traded fund (ETF) will start trading Tuesday, the Chicago Board Options Exchange (Cboe) said in a notification.
Last month, VanEck said the fund would start trading after October 23 on the Cboe BZX Exchange. It will be listed under the ticker symbol XBTF, and gives investors exposure to bitcoin without holding the coin.
The Securities and Exchange Commission pushed back its deadline to make a decision on the fund several times after Cboe first filed for the bitcoin futures ETF in March.
The VanEck launch follows a blockbuster launch for ProShares' bitcoin futures product (BITO), which saw 24 million shares change hands on its first day of trading in October — the second-biggest ETF
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