SEC Approves 3rd Bitcoin (Future) ETF Application

Bitcoin ETFs

The US Securities and Exchange Commission (SEC) has approved VanEck’s Bitcoin (Future) ETF application.

As expected, VanEck Bitcoin Strategy ETF (XBTF) will be launched on Cboe Global Markets on November 16th. XBTF is trading at a discount of 0.65%, lower than the 0.95% rate of previously listed Bitcoin ETFs in the US.

VanEck Bitcoin Futures ETF has been eligible for launch since Oct. 23. However, the issuer delayed the listing to wait for the SEC to approve the company’s spot ETF.

On November 13, the SEC announced the refusal of the application Bitcoin ETFs VanEck’s spot because it has not proven its ability to fight fraud and protect the interests of investors. SEC Chairman Gary Gensler shared that he is more comfortable with futures ETFs than spot funds.

Read more : US Securities and Exchange Commission (SEC) Refuses to Approve First Bitcoin ETF (Spot) of the VanEck.

In October, the SEC approved 2 Bitcoin ETF applications by ProShares and Valkyrie. The difference between these funds and spot funds is that the value will be based on futures contracts, rather than the price of Bitcoin itself. This may create a deviation from the true value.

The market has had a positive reaction while waiting for the SEC’s approval. On the evening of November 10, Bitcoin hit a new high of $69,000. Over the past 3 days, the price of the most valuable cryptocurrency in the market has dropped slightly, hovering around $64,400.

Virtual Money Corner

—–> Buy and sell BTC reputable and safe in VND

Join the discussion with GTA team at:

Website | Facebook | Fanpage | Twitter | Trading | Research | Youtube

What is BerryData? Detailed information about the BRY . project
GetLinks opens Presale of platform tokens
Tác giả

Bình luận

Leave a Message

Registration isn't required.

Decentralway Coin News - Tech News - Latest News Blockchain