December 4, 2021

VanEck Launches Bitcoin ETF

VanEck Launches Bitcoin ETF

VanEck Launches Bitcoin Futures ETF Following Fromdeclines of the spot offer by the regulator.

VanEck's new Bitcoin ETF kicks off under the ticker "XBTF" tomorrow, three weeks after receiving SEC clearance late last month.

The launch date was announced immediately following the final rejection by the SEC of VanEck's "spot bitcoin ETF" proposal.

Last month, the first two futures ETFsProShares Bitcoin Strategy (BITO) and Valkyrie Bitcoin Strategy (BTF) have started trading. Their successful launch has significantly revitalized the price movement of the first cryptocurrency.

BITO has accumulated assets of 1.4 billiondollars since the most successful launch in ETF history. Such a start once again proved the huge investor appetite for fund-based cryptocurrency investments.

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