VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering

Posted on by American Coins & Gold

VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering
The investment firm VanEck’s bitcoin futures exchange-traded fund (ETF) is set to debut on the Chicago-based CBOE exchange next week, going live after delays since winning SEC approval in late October.The CBOE said in a notice on its website that the new VanEck Bitcoin Strategy Fund will start trading under the ticker symbol “XBTF” on Tuesday, with a new-issue auction to open trading around 9:30 a.m. ET followed by dissemination of index data.The launch date announcement comes just after the U.S. Securities and Exchange Commission (SEC) late last week rejected VanEck’s proposal for a “spot bitcoin ETF” – one that…