Valkyrie’s Bitcoin (BTC) futures-based exchange-traded fund (ETF) is set to follow the launch of the ProShares Bitcoin Strategy ETF on Friday.
The Valkyrie Bitcoin Strategy ETF is finally effective and is scheduled to begin trading on the Nasdaq under the BTF ticker on Friday, Valkyrie confirmed to Cointelegraph on Thursday.
The launch comes after the United States Securities and Exchange Commission issued an effectiveness notice to the Valkyrie Bitcoin Strategy ETF on Thursday.
According to Leah Wald, CEO of Valkyrie Funds, The upcoming launch of Valkyrie’s Bitcoin Futures ETF marks a major milestone in the relationship between the cryptocurrency industry and US regulators.
“This release is important because it is one more claim that US regulators want to collaborate with the industry to regulate crypto assets rather than ban them.”, said.
“The more products hit the market, the more awareness they will bring and hopefully more adoption. Of course, there are other presentations for similar products, and it would make sense for them to go on the market “Wald added.
As previously reported, ProShares’ Bitcoin Strategy ETF became the first Bitcoin futures-based ETF to launch in the United States, starting trading on the New York Stock Exchange on Tuesday. In early October, the SEC also approved a Volt Equity Bitcoin-linked ETF product that provides investors with an instrument that invests in companies with significant exposure to Bitcoin.
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