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Vanek Bitcoin Future ETF Gets Green Light from SEC – Prosciutto BTC ETF List Funding at NYSE – Bitcoin News


After the Proshares ETF listing launched on Tuesday, asset manager Vanek will launch his Bitcoin Future Exchange-Traded Fund (ETF) in the United States. According to a post-enforcement filing with the US Securities and Exchange Commission (SEC), the Vanek Bitcoin Futures ETF launch has been approved for listing after October 23rd.

Second US fund to get approval from Vanek’s Bitcoin Future ETF regulators

This week, Proshares Bitcoin Strategy Exchange-Traded Fund (BITO) launched with much fanfare and ETF volumes broke records on Tuesday. The next day, Bitcoin (BTC) spot markets broke the all-time price (ATH) at $ 67,017 per unit. In addition, asset manager Vanek released his Bitcoin Futures ETF post-effective filing on Wednesday, indicating that the SEC has green-lit the list on the NYSE Arca.

Vanek Bitcoin Future ETF gets green light from SEC - Funds to join BTC ETF list at ProYShare on NYSE
The Vanek Post-Effective Filing Approval states that the funds have been approved for listing after October 23, 2021, meaning the ETF may be listed on Monday, October 25, 2021.

The Vanek Bitcoin Strategy will be the ticker of the ETF “XBTF” and the fund facilitates cash settled Bitcoin futures contracts. The Vanek ETF summary details that the fund “does not invest directly in Bitcoin or other digital assets.” Following the publication of the post-effective filing, Nate Geraci, co-founder of the ETF Institute, tweeted about the approval. Vanek [is] Joining the Bitcoin Future ETF party next week, ”Gerasi said Said.

Vanek’s approval follows Tuesday’s remarkable performance in the Prussian Bitcoin Strategy Exchange-Traded Fund (BITO) market. Eric Balchunas, senior ETF analyst at Bloomberg Explained On Wednesday that BITO was already “close-locked to the top 30% of ETF in terms of assets and my $ 750m over the weekend estimate.”

Vanek’s decision to apply for Bitcoin Future ETF follows Gary Gensler’s statement on futures-based funds

Following a statement from SEC Chairman Gary Gensler that week, Vancouver decided to apply for the Bitcoin Strategy ETF on August 10th. At the time, Gensler said he was looking forward to regulators reviewing ETFs that are specifically linked to Bitcoin futures, citing the U.S. Investment Companies Act of 1940 as perhaps enough to control it.

In an interview with CNBC on Tuesday, Gary Gensler also spoke about the approval of Prosciences Bitcoin ETFs and said: “Bitcoin futures are overseen by our sister organization, the Commodity Futures Trading Commission. [CFTC], Which I was once honored and proud to serve there, and it’s been four years. “

Proshares and Vaneck Bitcoin Futures ETF approval marks a milestone for bitcoin-related exchange-traded funds in the United States. For the first time, U.S. investors can participate in an ETF that has something to do with the leading crypto asset Bitcoin (BTC).

The United States, however, is not the first North American ETF to be approved because Canada has approved several Bitcoin-related ETFs in the last 12 months. Although October 23 is a Saturday, the community expects the Vanek Bitcoin Futures ETF to be listed on the following Monday, October 25.

What do you think about Vancouver getting approval to list his Bitcoin Future ETF in the United States? Let us know what you think about this in the comments section below.

Tags in this story

Approval, Bitcoin ETF, Bitcoin Future, CFTC, ETF List, Gary Jensler, Proshers ETF, SEC, Second Approval, Vanek, Vanek Bitcoin, Vanek Bitcoin ETF, Vanek Bitcoin Future ETF,

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