Asset manager VanEck received regulatory approval for the launch of its bitcoin futures exchange-traded fund next week, according to a post-effective filing with the SEC. VanEck is one more company joining the bitcoin-linked ETF market in the U.S. with the go ahead to start competing with ProShares’ offering, which began trading Tuesday.
The VanEck Bitcoin Strategy ETF will begin trading after Saturday, October 23. The ticker “XBTF,” will likely go live on October 25, the first day the market opens.