VanEck is one of the first U.S. asset management companies to apply for Bitcoin (Bitcoin) The Exchange Traded Fund (ETF) finally launched its Bitcoin futures ETF.
According to an official Notice VanEck’s Bitcoin Strategy ETF of the Chicago Board Options Exchange (CBOE) will begin trading on the Chicago Board Options Exchange on November 16, under the ticker symbol XBTF.
VanEck’s new ETF joins an increasing number of BTC futures-based ETFs launched in the United States, including ProShares’ Bitcoin strategy ETF, which became the first Bitcoin futures ETF Start trading on the New York Stock Exchange October 19th. Valkyrie’s Bitcoin Strategy ETF Start trading on Nasdaq Under the BTF code in late October.
The Chicago Board Options Exchange XBTF was listed only a few days after the U.S. Securities and Exchange Commission (SEC) Officially rejected VanEck’s spot Bitcoin ETF application. The US Securities and Exchange Commission argued that the proposed changes to the ETF listing rules did not meet the standards of “preventing fraud and manipulations and practices” or “protecting investors and the public interest.”
Founded in 1955, VanEck is an American asset management company that specializes in thematic and gold ETFs and mutual funds. VanEck is known in the crypto community as one of the earliest U.S. companies ever document For Bitcoin futures ETF.The company has submit Since then, a number of BTC ETF documents have been submitted to the US Securities and Exchange Commission, but so far only managed to get its futures ETF approved.
VanEck did not immediately respond to Cointelegraph’s request for comment.
As Cointelegraph previously reported, the chairman of the US Securities and Exchange Commission Gary Gensler Earlier it was hinted, SEC will be more willing to accept ETF Based on cryptocurrency futures rather than through direct exposure.
However, some companies like Bitwise Asset Management are still optimistic about potential pure Bitcoin ETFs, the company even Decided to abandon its futures ETF filing last week. “In the end, what many investors want is a spot Bitcoin ETF. We think it is possible. Therefore, Bitwise will continue to pursue this goal, and we will look for other ways to help investors gain huge opportunities in the crypto space,” Bitwise Chief Investment Officer Matt Hougan said.