VanEck will launch a Bitcoin futures ETF after regulators rejected a spot offer.
VanEck's new Bitcoin ETF launches under the ticker "XBTF" tomorrow, three weeks after receiving clearance from the SEC late last month.
The launch date was announced on the heels of the SEC's final rejection of VanEck's "spot" proposal bitcoin ETF."
Last month, the first two futures ETFs, ProShares Bitcoin Strategy (BITO) and Valkyrie Bitcoin Strategy (BTF), trading has begun. Their successful launch significantly revived the price movement of the first cryptocurrency.
BITO has amassed $1.4 billion in assets since the most successful launch in ETF history. This start once again proved the huge appetite of investors for investing in cryptocurrency based on funds.
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