The Third Bitcoin Futures ETF Launches In The U.S.

2021-11-17 17:32

The third Bitcoin Futures exchange-traded fund in the U.S. has gone live on the CBOE under the ticker XBTF.

The third Bitcoin Futures exchange-traded fund (ETF) in the U.S. has gone live on the CBOE under the ticker XBTF. VanEck’s Bitcoin Strategy ETF, which aims to track the value of Bitcoin futures, comes after the successful debut of ProShares Bitcoin Strategy ETF and Valkyrie’s ETF.

VanEck’s Bitcoin-linked ETF does not hold actual Bitcoin, but rather invests in derivative products that are based on Bitcoin. The approval of a futures-based Bitcoin ETF by the Securities and Exchange Commission (SEC) was made possible after the commission’s chairman Gary Gensler indicated earlier this year that futures-based offerings would have the highest chance of approval compared to a Bitcoin spot ETF product.

VanEck has announced their product will be the lowest-cost Bitcoin-linked ETF on the market, with a with a net expense ratio 30 basis points lower than its next closest competitor. The actively managed fund will be cash settled. 

“While a ‘physically backed’ Bitcoin ETF remains a key goal, we are very pleased to be providing investors with this important tool as they build their digital asset portfolios,” said Kyle DaCruz, Director, Digital Assets Product with VanEck.

Bitcoin futures are becoming an increasingly popular investment vehicle for institutions and individuals who cannot or will not custody Bitcoin themselves. The ProShares Bitcoin futures ETF, the first Bitcoin ETF in the U.S., hit the market under the ticker $BITO on October 19. The new ETF hit $1 billion in assets under management in just two days, a record for the ETF industry and a testament to the overwhelming demand for Bitcoin investment vehicles in the U.S.

Many investors are eagerly awaiting the approval of a Bitcoin spot-based ETF, which is considered to be a safer investment vehicle that can more closely track the price of Bitcoin. In any case, a futures ETF is a step in the right direction in terms of educating traditional investors on Bitcoin, exposing them to Bitcoin, and spreading adoption. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Filecoin [Futures] (FIL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $5.1636
Капитализация $0 Rank 99999
Цена в час новости $ 55.4 (-100%)

futures bitcoin third cboe ticker xbtf live

futures bitcoin → Результатов: 126


Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars

Quick Take The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the Grayscale lawsuit. Bitcoin open interest, the total number of outstanding futures contracts, has suffered a significant reduction, with a rough estimate of 400,000 Bitcoin in futures contracts representing one of the lowest readings year-to-date.

2023-9-1 12:00


Bitnomial launches physically settled bitcoin (BTC) futures with up to 35% margin

Bitnomial, a U. S. -based cryptocurrency derivatives exchange company, today announced the launch of physically-settled Bitcoin futures with up to 35% margin. Initially, Bitnomial will offer trading in two quarterly contracts, Bitcoin US Dollar Futures, and Deci Bitcoin US Dollar Futures, sized for both institutions and individuals, and does not charge for market data or trading access.

2021-11-16 03:17


Bitcoin At Risk of Correction at $9.1k as U.S. Futures Hint a Sell-Off

Bitcoin is holding its intraday gains above $9,100 on Thursday. But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday. The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new geopolitical conflict with...

2020-5-28 14:00