Vaneck’s Bitcoin Futures ETF received the go-ahead to trade next week after the Proshares Bitcoin Strategy ETF (ETF), which was listed, broke records in its first two trading days. Sources claim that the Valkyrie Bitcoin strategy ETF will launch next week, with a possible listing expected on Friday.
Proshares Bitcoin ETF Smashes Records
The United States approved its first ETF last week, making October the month for bitcoin exchange-traded funds. The Proshares Bitcoin Strategy ETF (NYSE BITO) was listed Tuesday. It saw nearly $1 billion in trading volume on its first day.
The BITO performed well the next day and bitcoin spot markets tapped a new lifetime high of $67,017 per ounce.
Eric Balchunas (an ETF analyst at Bloomberg Intelligence) explained that the bitcoin ETF was the fastest to acquire $1 billion of assets. Balchunas said:
Two Sources Say Valkyrie Bitcoin Strategy ETF Set to Launch Friday
Balchunas is one source who has confirmed that the Valkyrie Bitcoin Strategy ETF will launch this week. Balchunas’ statements were confirmed by Danny Nelson, a crypto reporter. He said that the Valkyrie Bitcoin Strategy ETF will start trading on Friday after clearing the “final regulatory hurdles.” Bloomberg senior ETF analyst also shared the news via Twitter.
“Just heard that Valkyrie will change the ticker back from BTF SEC. They weren’t fans of BTFD. They will also launch tomorrow, the odds are increasing. Balchunas stated that the launch is not yet final.
He then corrected his tweet and said that the Valkyrie ETF would be listed on Friday. “I had stated that this ETF would launch [tomorrow], but it will actually be listed on Friday.” “Sorry about that,” said the analyst.