Valkyrie’s futures-based Exchange Traded Fund (ETF) on Bitcoin (BTC) is set to follow the launch of the ProShares Bitcoin Strategy ETF on Friday.
The Valkyrie Bitcoin Strategy ETF is finally effective and is set to trade under the BTF ticker on the Nasdaq on Friday, Valkyrie Cointelegraph confirmed on Thursday.
The launch comes after the US Securities and Exchange Commission issued an effectiveness notice to the Valkyrie Bitcoin Strategy ETF on Thursday.
According to Leah Wald, CEO of Valkyrie Funds, The upcoming launch of the Valkyrie Bitcoin Futures ETF marks an important milestone in the relationship between the cryptocurrency industry and US regulators.
“This release is important because it is another claim that US regulators want to work with industry to regulate crypto assets rather than banning them.”, called.
â ???? The more products that come out, the more attention they’ll get and hopefully more adoption. Of course, there are other launches for similar products, and it would make sense to bring them to marketâ ?? ??Forest added.
As previously reported, ProShares’ Bitcoin Strategy ETF was the first Bitcoin futures-based ETF to hit the US market, began trading on the New York Stock Exchange Tuesday. In early October, the SEC also approved a Bitcoin-linked ETF product from Volt Equity, which offers investors a tool to invest in companies with significant exposure to Bitcoin.