SEC has allowed Valkyrie Investments and VanEck to run bitcoin ETF

The start of trading is scheduled for October 22 and 25

22.10.2021 - 07:10

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What's new? The U.S. Securities and Exchange Commission (SEC) has approved an application for launching a bitcoin futures ETF from Valkyrie Investments. Another organization that received SEC approval to launch a similar fund was VanEck.

Press release on the SEC’s website

When will the trading start? Trading in Valkyrie Bitcoin Strategy ETF securities will start on Friday, October 22, under the ticker BTF.

The bitcoin ETF trading from VanEck is scheduled for Monday, October 25. The fund’s shares will be placed under the XBTF ticker on the Cboe BZX platform. VanEck is also waiting for a decision on its other application for the launching of a spot bitcoin ETF.

What had happened before? As we mentioned on October 19, the New York Stock Exchange began trading shares of bitcoin futures ETF from ProShares. During the first day of trading, their volume amounted to almost $1 billion and the structure showed the second most trading activity debut.

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