The first bitcoin futures contract to be offered on a U.S. exchange is set to launch on October 22, as the Chicago Board Options Exchange (CBOE) and Nasdaq announced their partnership for the product.

Bitcoin futures are to be launched on the Nasdaq stock exchange on October 22nd. The ETF is called the Valkyrie Bitcoin Futures and will allow people to invest in bitcoin without having to buy it directly. Read more in detail here: bitcoin futures price.

Valkyrie-Bitcoin-futures-ETF-to-launch-on-Nasdaq-on-Oct

 

The launch of ProShares’ Bitcoin Strategy ETF on Friday is expected to be followed by Valkyrie’s Bitcoin (BTC) futures-based exchange-traded fund (ETF).

The Valkyrie Bitcoin Strategy ETF is already operational and will begin trading on Nasdaq under the ticker BTF on October 22, according to Valkyrie, who confirmed this to Cointelegraph on Thursday.

The debut comes after the US Securities and Exchange Commission, or SEC, awarded Valkyrie Bitcoin Strategy ETF a notice of effectiveness on Oct. 20.

According to Valkyrie Funds’ CEO Leah Wald, the impending launch of Valkyrie’s Bitcoin futures ETF is a watershed moment in the cryptocurrency industry’s relationship with US authorities.

“This announcement is significant because it demonstrates that US authorities want to work with the sector to regulate crypto assets rather than outright prohibit them,” she added.

“The more goods that are introduced to the market, the greater the level of awareness and, ideally, acceptance.” “Of course, there are other files for comparable goods that would make sense to bring to market,” Wald said.

JPMorgan claims that inflation worries, not ETFs, are driving Bitcoin’s price increase.

ProShares’ Bitcoin Strategy ETF, which began trading on the New York Stock Exchange on Oct. 19, was the first Bitcoin futures-based ETF to ever debut in the United States. The SEC also authorized a Bitcoin-linked ETF product by Volt Equity earlier in October, giving investors a way to invest in businesses with substantial Bitcoin exposure.

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