Following ProShares’ bitcoin exchange-traded fund (ETF), VanEck is also preparing to list its own ETF.
The company will raise funds to invest in bitcoin futures contracts after Oct. 23, VanEck reported to the US Securities and Exchange Commission on Wednesday. “as soon as possible” will be able to establish.
Following ProShares’ funding, which started trading on Tuesday this week, VanEck’s Bitcoin Strategy ETF ($XBTF) be ready next monday Waiting.
Fund where Bitcoin will not be directly involved, “Standardized and cash-settled bitcoin futures contracts traded on commodity exchanges such as the CME that are registered with the Commodity Futures Trading Commission (CFTC)” will invest.
ProShares and VanEck are the first two names to be authorized to set up cryptocurrency-linked exchange-traded funds in the US. ProShares’ fund is on the first day of listing on the New York stock exchange. one of the best opening days he signed.
Bitcoin price, which broke the record for that moment by going up to $ 64,899 in April, is on the stock markets today. over $66,000 he broke the record.