VanEck’s futures Bitcoin ETF has started trading.
After weeks of delay, VanEck’s futures Bitcoin ETF has started trading on the CBOE under the symbol XBTF. After its spot Bitcoin ETF application was rejected last week, the company announced that its futures Bitcoin ETF, which it had delayed for weeks, will begin trading on Tuesday. The third Bitcoin ETF in the USA is VanEck’s futures Bitcoin ETF.
As it is known, last month, the first Bitcoin ETF of the USA was approved and it caused a great excitement in the market when it started to be traded. After ProShares’ first product, Valkyrie also opened the approved Bitcoin futures product. This product from VanEck represents the third Bitcoin ETF to be traded in the USA.
The Latest Situation in Bitcoin
Bitcoin is showing signs of recovery after its recent drop to $58,500. Bitcoin took support at 58,500, which is called a key support zone, and now it has managed to reclaim the $61,000 level. Bitcoin is trading at $61,070 at the time of publication.
