Valkyrie Bitcoin Futures ETF obtained SEC approval to begin trading on Nasdaq tomorrow, October 22.
This week will be remembered as the one of the boom of the ETF of futures Bitcoin The United States Securities and Exchange Commission, SEC, approved the futures ETF of Bitcoin from Valkyrie, the SEC itself announced yesterday. Said ETF will start trading tomorrow.
Although it is the third ETF approved, after ProShares and that of VanEck, it would actually be the second ETF from Bitcoin based on futures that will start trading after Proshares will launch on Tuesday, given that its start date in Nasdaq is tomorrow October 22, while the second approved by the SEC, that of VanEck, It has a launch date on the stock market for October 23, which, since it is a Saturday, means that it will open on the market on Monday, October 25.
The Valkyrie Bitcoin Strategy ETF will be traded under the symbol of BTF and it comes just the day after the price of Bitcoin break the previous record and reach an all-time high in price of more than USD $ 66,000. The media believe that the news of this new approval can only further boost market sentiment, which has been quite lively with the ETF previous.
Highlights Beincrypto that the arrival of more ETFs will give a wider swath of investors the ability to gain exposure to bitcoins and other cryptocurrencies. So far, only ETFs based on futures have been approved Bitcoin in the U.S., although ETFs based on Ethereum they are also pending.
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