The United States Securities and Exchange Commission, or SEC, has likely accredited asset supervisor VanEck’s Bitcoin Strategy exchange-traded fund (ETF), with buying and selling anticipated to start on Monday.
In a Wednesday submitting with the SEC, VanEck said the general public providing of its Bitcoin (BTC) Strategy ETF, which presents publicity to the crypto asset via futures contracts, would start “as soon as practicable” after the efficient date of the submitting, Saturday. This suggests the corporate may listing its shares on an alternate as early as Monday.
Unlike exchange-traded funds providing direct publicity to BTC or Ether (ETH) — which the SEC has not accredited — VanEck’s ETF would offer publicity via cash-settled BTC future contracts traded on exchanges registered with the Commodity Futures Trading Commission, pooled funding autos, and different exchange-traded merchandise. Having first applied for the BTC futures-linked ETF in August, VanEck may observe ProShares, which on Monday launched its Bitcoin Strategy ETF on the New York Stock Exchange.
Related: Crypto market cap breaks $2.5T — Is this the season for ETFs?
The potential VanEck ETF itemizing comes as BTC and ETH prices reached new all-time highs. According to data from Cointelegraph Markets Pro, the prices of BTC and ETH are $65,955 and $4,003, respectively.
This story is creating and could also be up to date.
