De ZyCrypto - acum 2 ani - Timp de citire: 3 minute
VanEck Is Finally Launching Its Bitcoin ETF Futures
Cheltuieli cheie
Al lui VanEck Bitcoin Strategy ETF is set to launch tomorrow on the CBOE.The futures-based Bitcoin fund will be the “lowest cost” Bitcoin ETF yet. Spot-settled Bitcoin ETFs are still the ultimate goal of the Bitcoin piaţă.A new addition is being made to the number of Bitcoin futures exchange-traded funds on the market. Today, global investment manager, VanEck, announced that it would be launching its Bitcoin Strategy ETF tomorrow – November 16 – on the Chicago Board Options Exchange (CBOE) under the ticker symbol XBTF.
The ETF is a futures-based Bitcoin ETF as the official notice states. The notice describes the ETF as:
“…an actively managed ETF that seeks capital appreciation by investing in standardized, cash-settled bitcoin contracte futures.”
It is being marketed by VanEck as the “lowest cost Bitcoin-linked ETF” that was designed to optimize tax efficiency for long-term investors. It will come to market with a net expense ratio 30 basis points lower than its “closest competitor.”
Oferta ETF futures vine doar după administratorii de active dealt with a rejection of their proposed spot Bitcoin ETF by the SEC last week. ETF-ul spot, care ar fi trebuit să tranzacționeze și pe CBOE, a fost respins pe motiv că nu respectă standardele SEC de prevenire a manipulării pieței.
SEC este deschisă numai pentru ETF-uri criptografice bazate pe futures
So far, the SEC remains open to only futures cryptocurrency ETFs for the U.S. market. VanEck’s futures ETF will join ProShares Bitcoin Strategy ETF (BITO) and Valkyrie Bitcoin Strategy ETF (BTF) which are also futures-based ETFs.
BITO a avut o performanță stelară pe baza avantajului său de primă mutare și a depășit rapid 1 miliard de dolari în active gestionate (AUM). În prezent, are aproximativ 1.6 miliarde de dolari în AUM, conform datelor de la Coinglass.
Cu toate acestea, BTF a avut o lansare mai redusă, dar și-a câștigat o anumită tracțiune și are peste 51 de milioane de dolari în AUM. Rămâne de văzut dacă o soartă similară așteaptă oferta lui VanEck în zilele următoare sau dacă oferta lor low-cost îi va ajuta să câștige rapid o cotă de piață semnificativă.
VanEck has also applied to launch a Bitcoin ETF that offers exposure to Bitcoin prin urmărire Bitcoin-focused companies.
Market expectation for a spot-settled Bitcoin ETF is still high
There are still over 20 spot Bitcoin ETF applications with the SEC for both Bitcoin and Ethereum, the second-largest cryptocurrency by market cap. The next deadlines for decisions on spot Bitcoin ETFs are in December when Kyption’s and WisdomTree’s spot Bitcoin ETF applications are bound to know their status from the SEC.
Loc Bitcoin ETFs are in high demand in the market. VanEck is also one of the asset managers eager to provide the offering to investors but is for now settling with what they can get.
“While a ‘physically backed’ bitcoin ETF remains a key goal, we are very pleased to be providing investors with this important tool as they build their digital asset portfolios,” au notat ei în comunicatul lor de presă.
However, several analysts including Bloomberg Eric Balchunas and James Seyffart have stated that a spot Bitcoin ETF may not be seen till next year. The ETF expert duo believes an ETF-ul bazat pe futures Ethereum poate primi aprobare înainte ca ETF-urile decontate la vedere să vadă lumina zilei.
Sursă originală: ZyCrypto