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The third of the Bitcoin futures ETF officially opens in the US

VanEck, the investment corporate whose spot Bitcoin ETF application was once rejected final week, might be indexed on the CBOE, considered one of the world’s largest futures and choices exchanges, on Tuesday, November sixteenth. The observation got here from the CBOE. on the exchange’s website, it has been said that the VanEck Bitcoin Strategy ETF will begin trading with the code “XBTF.” Previously, the ProShares Bitcoin Strategy ETF was once listed on the The Big Apple Inventory Trade (NYSE) and reached a document $1 billion buying and selling volume in its first day. Days after ProShares, Valkyrie company’s Bitcoin futures ETF was once introduced. This ETF has also started buying and selling at the Nasdaq.

the united states Securities and Change Fee (SEC) stays clear of the spot Bitcoin ETF for now, even as giving the golf green gentle to futures Bitcoin ETFs. On The Other Hand, what is extra excited and eagerly anticipated in the market is a place Bitcoin ETF approval. There are indications that the SEC is not going to issue such approval within the brief term. As a matter of reality, VanEck’s application was rejected within the prior few days. there’s a growing expectation that a spot Bitcoin ETF will open within the US in 2022.

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