Bitcoin just hit an all time high of roughly $66,000….
Some analysts are pointing to the recent approval of a Bitcoin futures ETF, by The Securities and Exchange Commission as one of the reasons BTC’s price has catapulted to new heights.
Now that the floodgates have been opened, several firms are now bringing their BTC ETF offerings to market as well.
Valkyrie Bitcoin futures and VanEck’s Bitcoin futures will go live on October 22nd and October 25th respectively.
The crypto market anticipates so perhaps the adage “buy the rumor, sell the announcement” would be prudent here; however, the price of Bitcoin could continue to rise the more ETF’s we see brought to market.
Here’s more on these two new ETF’s:
— Bloqport (@Bloqport) October 20, 2021
— Ciara Sun (@CiaraHuobi) October 15, 2021
Blockworks had more on the Valkyrie ETF:
Valkyrie Bitcoin Strategy ETF, first filed in August, will be the second of its kind to list in the United States. Its annual operating expenses are 0.95%.
The issuer filed its pre-effective amendment Wednesday morning and has not yet filed its post-effective amendment.
#Bitcoin ETF update
ProShares $BITO listing tomorrow Oct 19.
Valkyrie $BTF has filed final prospectus, but has not gone "effective" yet.
Next week: VanEck's & Invesco's due to go "effective".
— ETF Hearsay by Henry Jim (@EtfHearsay) October 18, 2021
Crypto Briefing provided more details on VanEck’s BTC futures ETF:
The fund is allowed to begin trading after Saturday, Oct. 23, but will likely be listed on Monday, Oct. 25 as markets open. The fund will be listed under the ticker symbol “XBTF.”
The ETF will carry a management fee of 0.65%, or $0.65 for every $100 invested.
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