The Third Bitcoin Futures ETF Launches In The U.S.


The third Bitcoin Futures exchange-traded fund (ETF) in the U.S. has gone live on the CBOE under the ticker XBTF. VanEck’s Bitcoin Strategy ETF, which aims to track the value of Bitcoin futures, comes after the successful debut of ProShares Bitcoin Strategy ETF and Valkyrie’s ETF.

VanEck’s Bitcoin-linked ETF does not hold actual Bitcoin, but rather invests in derivative products that are based on Bitcoin. The approval of a futures-based Bitcoin ETF by the Securities and Exchange Commission (SEC) was made possible after the commission’s chairman Gary Gensler indicated earlier this year that futures-based offerings would have the highest chance of approval compared to a Bitcoin spot ETF product.

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