Following the launch of ProShares’ Bitcoin futures ETF for the first time in the US. A second ETF was launched today.
The Bitcoin futures ETF with the BTF symbol of asset management company Valkyrie Investments, which is frequently on the agenda with its persistent applications for the Bitcoin ETF, has been listed on the Nasdaq and started trading.
The ETF opened at $25.5.
After the Valkyrie Bitcoin futures ETF opened for trading, Bitcoin continues to trade at #63300.
ETFs are important for greater institutional adoption. At this point, we can say that the road to the Spot Bitcoin ETF is being paved.
No Bitcoin ETF approval has yet been received from the SEC for spot Bitcoin transactions. ETFs released by ProShares and Valkyrie will be funds based on Bitcoin futures.
These ETFs are the first crypto futures-based product listed on US exchanges.