As the price of cryptocurrency reaches ATH, VanEck Bitcoin Strategy ETF may be launched next week

The US Securities and Exchange Commission may have approved asset management company VanEck’s Bitcoin strategy exchange-traded fund, and trading is expected to begin on October 25.

In a filing with the U.S. Securities and Exchange Commission (SEC) on October 20, Vaneck Said Its public sale of Bitcoin (Bitcoin) The Strategy ETF that provides exposure to crypto assets through future contracts will start “as soon as possible” after the effective date of the application on October 23. This indicates that the company can list its shares on the exchange as early as October. 25.

Unlike exchange-traded funds that provide direct contact with BTC or Ether (Ethereum)-SEC has not yet approved-VanEck’s ETF will provide risk exposure through cash-settled BTC futures contracts, collective investment instruments and other exchange-traded products traded on exchanges registered with the Commodity Futures Trading Commission.Have the first Apply for BTC futures-linked ETF In August, VanEck may follow ProShares, Monday Launched its Bitcoin strategy ETF On the New York Stock Exchange.

related: The market value of cryptocurrency exceeds 2.5T USD-is this the season of ETFs?

Potential VanEck ETF listing coincides with rising BTC and ETH prices Set a record high. according to data From Cointelegraph Markets Pro, the prices of BTC and ETH are 65,955 USD and 4,003 USD respectively.

This story is under development and may be updated.