Valkyrie’s ETF based on Bitcoin futures has started trading on the NASDAQ.
Valkyrie Investments’ Bitcoin ETF is traded on the NASDAQ today after gaining approval from the US regulator SEC earlier this week. Interest in ETFs has been intense, although market commentators have stated that ETFs based on Bitcoin futures are less ideal than ETFs that invest directly in Bitcoin.
As we mentioned earlier, the first ETF in the USA was ProShares’ futures ETF and was traded on the New York Stock Exchange at the beginning of the week. The ETF has been in huge demand, making it the second most traded ETF with over $1 billion in volume on its opening day. VanEck’s Bitcoin futures ETF is expected to start trading next week.