VanEck Bitcoin Futures ETF käivitatakse homme

• The third bitcoin futures ETF to launch in the U.S. will go live tomorrow.
• The VanEck Bitcoin Strategy ETF will launch on Cboe as the SEC rejected the asset manager’s spot offering last week.
• VanEck will attempt to gain market share by offering the lowest fees among its competitors.

Vaněček teatas that its bitcoin-linked exchange-traded fund (ETF), the VanEck Bitcoin Strategy ETF (XBTF), will go live on November 16 on Cboe after the Securities and Exchange Commission (SEC) rejected its “physically” backed offering last week.

“While a ‘physically backed’ bitcoin ETF remains a key goal, we are very pleased to be providing investors with this important tool as they build their digital asset portfolios,” said Kyle DaCruz, director of digital assets product at VanEck, per the announcement. “Cost and tax treatment are two essential considerations for investors, and we have made both front and center in the design of XBTF.”

XBTF will start trading tomorrow as the lowest cost option for U.S. investors seeking indirect exposure to bitcoin through derivatives-based offerings. VanEck’s fund will list with a net expense ratio of 0.65% on Cboe and seek capital appreciation by investing in cash-settled bitcoin futures contracts.

VanEck sought to provide investors with a product that would invest in actual bitcoin, providing more direct exposure to the asset’s price appreciation by holding it directly. However, the SEC tagasi oma 12. novembri ettepanekut investorite kaitsega seotud probleemide ja väidetava manipuleerimise vältimise puudumise kohta turul.

VanEcki tuletisinstrumentidel põhinev pakkumine sai noteerimiseks rohelise tule oktoobri lõpus. State Street pakub XBTF-ile ETF-i korvioperatsioonide teenuseid, ETF-i aktsiate hoidmist, fondiarvestust, tellimuste vastuvõtmist ja tegutseb selle ülekandeagendina.

BITO was the first bitcoin-linked ETF to go live in the U.S. and began trading on oktoober 19. Fondist sai kõigi aegade kiireim ETF, mille varade maht on 1 miljard dollarit, võttes rekordi kullalt ETF GLD-lt, mis 2004. aastal saavutas märgi kolme päevaga. Valkyrie käivitas Ameerika teine bitcoin futures ETF on October 22.

Source: https://bitcoinmagazine.com/markets/vaneck-bitcoin-futures-etf-to-launch-tomorrow