VanEck Bitcoin Futures ETF To Be Listed On CBOE Tomorrow, 16th November.

VanEck Bitcoin Futures ETF To Be Listed On CBOE Tomorrow, 16th November.

2021-11-15 | Robin Williams

VanEck Bitcoin Futures ETF To Be Listed On CBOE Tomorrow, 16th November.

VanEck is finally launching a Bitcoin exchange-traded fund based on BTC futures after years of work. VanEck, one of the first asset managers in the United States to apply for a Bitcoin (BTC) (ETF) trading platform, has now launched the Bitcoin futures ETF. The Chicago Board Options Exchange (CBOE) has announced that VanEck's Bitcoin Strategy ETF will begin trading under the ticker XBTF on Tuesday. VanEck's new ETF joins a growing number of BTC-based ETFs in the United States, including the ProShares Bitcoin Strategy ETF, which became the first Bitcoin futures ETF to begin trading on the New York Stock Exchange in October. The Bitcoin approach of Valkyrie. In late October, the ETF began trading on the Nasdaq under the ticker symbol BTF. The XBTF CBOE listing comes just days after the Securities and Exchange Commission of the United States officially rejected VanEck's registration for a Bitcoin ETF. The SEC claimed that the proposed ETF listing system had been modified in a way that did not fulfil the requirements of "preventing fraudulent and fraudulent acts and practises" or "safeguarding investors and the public interest." VanEck, founded in 1955, is a U.S. asset manager that specialises in gold-based ETFs and pooled funds. VanEck is well-known in the crypto sector for being one of the first U.S. corporations to file the Bitcoin futures ETF filing. Since then, the business has submitted many BTC ETF and SEC applications, but has yet to have its ETF future authorised. VanEck did not reply immediately to a request for comment. As previously reported, SEC Chairman Gary Gensler recently stated that the SEC would be more open to future ETFs based on crypto currency than direct disclosure. However, some firms, such as Bitwise Asset Management, remain committed to the possible Bitcoin ETF, and the firm even decided to withdraw its investment in the ETF last week. "Finally, many investors are looking for a Bitcoin ETF website. We believe it is feasible. So Bitwise will continue to pursue that goal, as well as explore for new methods to assist investors in gaining access to incredible crypto possibilities "Bitwise's investment chief, Matt Hougan, stated.

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