VanEck Bitcoin Futures ETF To Launch Tomorrow

VanEck Bitcoin Futures ETF To Launch Tomorrow

Technology
November 21, 2021 by mvp00
161
The third bitcoin futures ETF to launch in the U.S. will go live tomorrow. The VanEck Bitcoin Strategy ETF will launch on Cboe as the SEC rejected the asset manager’s spot offering last week. VanEck will attempt to gain market share by offering the lowest fees among its competitors. VanEck announced that its bitcoin-linked exchange-traded
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  • The third bitcoin futures ETF to launch in the U.S. will go live tomorrow.
  • The VanEck Bitcoin Strategy ETF will launch on Cboe as the SEC rejected the asset manager’s spot offering last week.
  • VanEck will attempt to gain market share by offering the lowest fees among its competitors.

VanEck announced that its bitcoin-linked exchange-traded fund (ETF), the VanEck Bitcoin Strategy ETF (XBTF), will go live on November 16 on Cboe after the Securities and Exchange Commission (SEC) rejected its “physically” backed offering last week.

“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 of digital assets product at VanEck, per the announcement. “Cost and tax treatment are two essential considerations for investors, and we have made both front and center in the design of XBTF.”



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