VanEck to Launch Bitcoin Futures ETF Next Week

2021-10-21 09:48

Just days after the monumental ProShares ETF launch, VanEck has announces the launch of its own bitcoin futures ETF for next week. 

The company submitted its application to the SEC earlier this year, which the SEC acknowledged back in March. However, throughout the year VanEck received continual delays from the regulator over the decision. Nonetheless, the firm revealed the groundbreaking approval from the SEC for a launch ‘after Oct 23.’ 

According to the notice from the regulator, the ETF will begin trading, “as soon as practicable after the effective date of this registration statement,” inferring a debut date of Oct 25. 

Moreover, the statement reiterated the purpose of the VanEck bitcoin-linked ETF. It highlighted the ETF’s journey in the crypto market through “standardized, cash-settled bitcoin futures contracts (’Bitcoin Futures’) traded on commodity exchanges registered with the Commodity Futures Trading Commission (’CFTC’), such as the Chicago Mercantile Exchange (the ‘CME’).”

These two groundbreaking moments for both the crypto and traditional markets come after nearly a year of anticipation. Meanwhile, in Canada, a bitcoin-linked ETF launched in September, as well as an EU-approved French bitcoin ETF a month prior. 

ProShares boom 

Last week the news broke of the first SEC-approved bitcoin futures ETF by ProShares. Similar to VanEck, the regulator’s approval is long-awaited by ProShares. In fact, both companies backed out of ethereum-linked ETF proposals in late August of this year. 

The approval of the latest bitcoin ETFs from both companies marks the first time investors can buy and sell stakes of an ETF linked to bitcoin or any cryptocurrency for that matter. The Tuesday launch debuted with a massive 24M shares and traded over $500 million. 

The ETF’s price rose nearly 5% within its initial 24hs on the market. Analysts see more growth in its future.

Additionally, roughly one day after the ETF launch, the price of bitcoin reached a new all-time high of over $67,000. 

The post VanEck to Launch Bitcoin Futures ETF Next Week appeared first on BeInCrypto.

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etf launch week vaneck bitcoin futures own

Источник: beincrypto.com

etf launch → Результатов: 126


Bitcoin ETFs could have the same result as CME group futures launch in 2017

The SEC is set to approve five futures exchange-traded funds by the end of October. While the entire market expects a huge parabolic move, it is important to consider a bearish scenario. The bitcoin-related companies listed under the ETF will help investors gain exposure, but the cost of holding the underlying asset will get expensive.

2021-10-14 14:47


Дэн Морхэд: После одобрения ETF могут начаться распродажи биткоина

Одобрение SEC биржевого фонда (ETF) на базе биткоина может оказать негативное воздействие на его цену. Об этом заявил CEO Pantera Capital Дэн Морхэд. 12-month rallies heading into Coinbase's IPO and CME Bitcoin futures launch — both of which marked cycle peaks — were 9.

2021-10-11 19:03


CEO Pantera Capital допустил волну продаж биткоина после одобрения ETF

Одобрение SEC биржевого фонда (ETF) на базе биткоина может оказать негативное воздействие на его цену. Об этом заявил CEO Pantera Capital Дэн Морхэд. 12-month rallies heading into Coinbase's IPO and CME Bitcoin futures launch — both of which marked cycle peaks — were 9.

2021-10-11 16:34


Фото:

Highly-Anticipated U.S. Bitcoin ETF Likely To Launch In October, Bloomberg Analysts Predict

Eric Balchunas and James Seyffart – Bloomberg’s in-house ETF analysts – on Tuesday published an investor note that predicts that a Bitcoin ETF approval may likely arrive in October. They suggest that the recent Ethereum futures ETF withdrawal that ProShares and VanEck made could be an indicator that things are beginning to move rapidly in […]

2021-8-28 00:04


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