Valkyrie’s Bitcoin-Based Futures (BTC) Exchange Fund (ETF) is preparing to watch ProShares launch its Bitcoin Strategy ETF this Friday.
The Valkyrie Bitcoin Strategy ETF is finally in effect and is scheduled to trade on October 22nd under the ticker BTF on the Nasdaq, Valkyrie Cointelegraph confirmed on Thursday.
The introduction comes after the US Securities and Exchange Commission issued an effective notification to the Valkyrie Bitcoin Strategy ETF on October 20.
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 crypto industry and US regulators. Ky.
“This rollout is important because it further confirms that US regulators would rather work with industry to regulate crypto assets than to ban them,” she said.
“The more products that come out, the more exposure they’ll get and hopefully more people will adopt them. Of course, there are also other profiles for similar products that would make a lot of sense to launch, ”adds Wald.
Related: JPMorgan Says Fears of Inflation, Not ETFs, Are Driving Bitcoin Price Up
As previously reported, the ProShares Bitcoin Strategic ETF, which was the first Bitcoin futures-based ETF to hit the US market, began trading on the New York Stock Exchange on October 19. In early October, the SEC also approved a Bitcoin-linked Volt Equity ETF product that provides investors with a tool to invest in companies with significant exposure to Bitcoin.