VanEck may launch a second exchange-traded fund for BTC futures in the US.
The US Securities and Exchange Commission authorized VanEck to launch its ETF after October 23. That means trading could begin on Monday, Oct. 25.
SEC Chairman Gary Gensler previously said futures ETFs are much easier to regulate because they are subject to the 1940 Securities Act. A previously launched ETF from ProShares is also linked to Bitcoin futures.
Last week, Grayscale announced its plans to launch a spot Bitcoin ETF, but it is not yet known whether such a fund will receive regulatory approval.
With this news, the price of Bitcoin reached a new all-time high above $66,000.
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According to cointelegraph.com
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