On Tuesday, November 16, the Chicago Board Options Exchange (CBOE) launched Bitcoin ETF futures trading of VanEck under the ticker XBTF.
The VanEck Bitcoin Strategy ETF is the third such instrument on US exchanges, after ProShares and Valkyrie Investments, which were listed on the NYSE and Nasdaq, respectively.
Just launched: VanEck Bitcoin Strategy ETF (XBTF). #cboelisted Learn more: https://t.co/V37W1RN2Cs pic.twitter.com/lyXjKxDCFF
— VanEck (@vaneck_us) November 16, 2021
VanEck’s application to launch an ETF based on bitcoin futures was approved by the US Securities and Exchange Commission (SEC) at the end of October.
The opening price for XBTF shares was $60.91 per share. During the first hour of trading, the price of XBTF fell to $60.6 and then climbed to $61.43.
Read More On BTC Futures ETFs:
- Michael Saylor Says Bitcoin ETFs Will Take Financial Markets By Storm And Will Completely Replace Gold ETFs In Few Years
- JPMorgan Explain Why Buying Bitcoin Directly Is Better Than BTC Futures ETFs
- Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq
- U.S. Welcomes First Ever Bitcoin ETF From ProShares