Global investment manager VanEck is set to launch a bitcoin futures exchange-traded fund (ETF) next week, shortly after ProShares got the SEC’s green light to launch the first BTC ETF.
“The Fund is an actively managed exchange-traded fund (‘ ETF’) that seeks to achieve its investment objective by investing, under normal circumstances, in standardized, cash-settled bitcoin futures contracts (‘ Bitcoin Futures’) traded on commodity exchanges registered with the Commodity Futures Trading Commission (‘CFTC’)” — the filing noted.