Valkyrie’s BTC Futures product will follow ProShares ETF

Valkyrie has been announced to be another firm following the path of ProShares. Recently, the United States has witnessed its first Bitcoin future exchange-traded product (ETF), as ProShares launched its Bitcoin Futures Strategy ETF. However, Valkyrie is another firm that has proposed to establish its ETF, and will soon follow ProShares’ path. Indeed, recently the news media outlet Bloomberg reported that the firm will list its crypto product on the platform of Nasdaq on Friday, October 22, 2021.

Valkyrie received a green signal for BTC ETF

The launch of Valkyrie Bitcoin Futures ETF will attain as the United States Securities and Exchange Commission (SEC) provided regulatory approval. With a notice of effectiveness, the product is finally effective. Moreover, the BTC Futures ETF is all set to start trading under the ticker name of BTF on the platform of Nasdaq. Following the launch announcement, Leah Wald, the CEO of Valkyrie Funds cited that the upcoming launch brings a vital milestone in the relationship between the crypto industry and the US financial regulators. 

– Advertisement –

Certainly, the launch is essential for further affirmation that the US regulator is ready to collaborate with the industry. Indeed, the regulators are seeking to impose a ban prohibiting the use of such assets.

Valkyrie’s product will be similar to ProShares

ProShares Bitcoin Strategy fund tracks the Chicago Mercantile Exchange (CME) Bitcoin Futures. Ultimately, the factor causes a difference in the price and performance of the crypto products from the asset’s actual real-time price. Likewise, Valkyrie Bitcoin Futures ETF will also track the price and performance of Bitcoin futures contracts.

However, according to Wald, the more product that comes to market, the more awareness spreads. Ultimately, an increment in the adoption of such assets will be witnessed.

Source: Valkyrie’s BTC Futures product will follow ProShares ETF

ajax loader

Valkyrie’s BTC Futures product will follow ProShares ETF - Click To Share

Other recent press releases

*This is a free press release. All upgraded press releases are ad-free!

Livestream Shopping Benchmark Report 2022

This Livestream Shopping Report is brought to you by our partner, the Influencer Marketing Factory. The report takes an in-depth look at the evolution of Livestream Shopping in the US and UK. Livestream shopping bonanza has been happening in China for a few years now. In 2021, the Chinese livestream market reached almost $317B, so

Take Up to 50% Off Cool Toys for Kids at Target Right Now – CNET

It’s already December, so if you have kids on your holiday shopping list, you’ll want to check out the deal happening at Target right now. Kids toys are marked down by up to 50%, meaning you can get more for less and load up on plenty of great gifts for the children in your life

Apple Makes Plans to Move Production Out of China

Updated Dec. 3, 2022 12:34 pm ETIn recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products