VanEck to Join ProShares in Launching a Bitcoin Futures ETF

Posted on by American Coins & Gold

VanEck to Join ProShares in Launching a Bitcoin Futures ETF
VanEck will join ProShares in launching a bitcoin futures exchange-traded fund (ETF) next week.The company revealed it had secured approval to launch its bitcoin-linked ETF in a post-effective filing with the Securities and Exchange Commission (SEC), indicating the SEC has given the company permission to launch its fund after Oct. 23, a Saturday. Trading will begin “as soon as practicable after the effective date,” which suggests Monday, Oct. 25.“The Fund is an actively managed exchange-traded fund (’ETF’) that seeks to achieve its investment objective by investing, under normal circumstances, in standardized, cash-settled bitcoin futures contracts (’Bitcoin Futures’) traded on commodity…