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Valkyrie Bitcoin Strategy ETF to launch on NASDAQ tomorrow

  • The Valkyrie Bitcoin Strategy ETF will launch on the NASDAQ exchange tomorrow
  • The Bitcoin futures ETF will start trading following the SEC’s notice of effectiveness
  • The ProShares Bitcoin futures ETF launched on Tuesday and has topped $1 billion in trading volume

Another Bitcoin futures ETF will go live tomorrow following SEC’s notice of effectiveness

Valkyrie Bitcoin Strategy ETF will launch tomorrow

Valkyrie’s Bitcoin (BTC) futures-based exchange-traded fund (ETF) is set to become the next to launch on the stock exchange following the SEC’s approval. The ETF will start trading on Friday, October 22.

This latest development comes following the SEC’s notice of effectiveness. The investment firm said its Valkyrie Bitcoin Strategy ETF would start trading on NASDAQ under the ticker BTF on Friday. Leah Wald, CEO of Valkyrie Funds, stated that the upcoming launch of the Bitcoin futures ETF is a vital milestone in the relationship between the cryptocurrency industry and the United States regulators.

She added that

This launch is important because it’s further affirmation that U.S. regulators want to collaborate with the industry to regulate crypto assets rather than ban them. The more products that come to market, the more awareness they bring and, hopefully, more adoption. There are, of course, other filings for similar products, and it would make sense for them to come to market.

ProShares Bitcoin futures ETF topped $1 billion in trading volume

The Valkyrie Bitcoin futures ETF will start trading three days after the ProShares ETF launched on the NYSE Arca exchange. Within the first two trading days, the ProShares Bitcoin futures ETF surpassed $1 billion in trading volume.

 

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