Just days after ProShares launched a similar product on the NYSE, Valkyrie will introduce a Bitcoin futures ETF on Nasdaq.
The launch of ProShares’ Bitcoin Strategy ETF on Friday is expected to be followed by Valkyrie’s Bitcoin (BTC) futures-based exchange-traded fund (ETF).
Valkyrie Bitcoin Strategy ETF is now operational and will begin trading on Nasdaq on Friday under the ticker BTF, Valkyrie officially confirmed, today on Thursday.
The debut comes after the US Securities and Exchange Commission gave Valkyrie Bitcoin Strategy ETF a notice of approval, today on Thursday.
The forthcoming launch of Valkyrie Funds’ Bitcoin futures ETF signals a crucial milestone in the relationship between the cryptocurrency industry and US regulators, according to Leah Wald, CEO of Valkyrie Funds.
“This launch is significant because it demonstrates that US regulators are willing to work with the industry to regulate crypto assets rather than outright ban them,” she explained.
“The more things that are introduced to the market, the more awareness and, hopefully, adoption they will generate.” Of course, there are other registrations for similar goods that would make sense to bring to market,” Wald noted.
ProShares’ Bitcoin Strategy ETF, which began trading on the New York Stock Exchange on Tuesday, became the first Bitcoin futures-based ETF to begin in the United States. The SEC also approved a Bitcoin-linked ETF product by Volt Equity earlier in October, giving investors a way to invest in companies with strong Bitcoin exposure.