VanEck’s Bitcoin futures ETF approved by the SEC.
Following ProShares, VanEck has also received approval from the US Securities and Exchange Commission (SEC) to launch a Bitcoin futures ETF. The company said it has permission to start the fund from October 23 and they will launch the fund as soon as possible. This coincides with the 25th of October. The company’s statement included the following statements about the fund:
As we have previously reported, the SEC has approved ProShares’s ETF based on Bitcoin futures. The ETF opened yesterday and was in high demand, making it the second most traded ETF on the opening day.