Bitcoin

VanEck’s Bitcoin futures ETF is expected to go public next Monday

The US Securities and Exchange Commission (SEC) has likely approved asset manager VanEck’s Bitcoin Strategy (ETF) exchange-traded fund, with trading expected to begin Monday.

In a filing with the SEC on Wednesday, VanEck called The public release of its Bitcoin Strategy ETF, which enables exposure to crypto assets through futures contracts, will begin as soon as possible after the effective filing date on Saturday. This suggests the company could list its shares on a stock exchange as early as Monday.

Unlike ETFs that offer direct exposure to BTC or ETH that have not been approved by the SEC, VanEck ETFs offer transparency through traded BTC futures contracts with cash settlement. traded products.

The potential listing of the VanEck ETF comes when the BTC price hits a new all-time high of $ 66,955. Mainly due to Bitcoin’s price volatility, the total crypto market capitalization has hit a new high of around $ 2.63 trillion.

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Annie

According to Cointelegraph

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.