Valkyrie Bitcoin futures ETF to launch on Nasdaq on Oct. 22

(*22*)’s Bitcoin (BTC) futures-based exchange-traded fund (ETF) is poised to follow the launch of ProShares’ Bitcoin Strategy ETF this Friday.

(*22*) Bitcoin Strategy ETF is lastly efficient and is set to start trading on Nasdaq under the ticker BTF on Oct. 22, (*22*) validated to Cointelegraph on Thursday.

The launch follows the United States Securities and Exchange Commission, or SEC, approved a notification of efficiency to (*22*) Bitcoin Strategy ETF on Oct. 20.

According to (*22*) Funds’ CEO Leah Wald, the upcoming launch of (*22*)’s Bitcoin futures ETF marks an essential turning point in the relationship in between the cryptocurrency market and U.S. regulators.

“This launch is important because it’s further affirmation that U.S. regulators want to collaborate with the industry to regulate crypto assets rather than ban them,” she stated.

“The more products that come to market, the more awareness they bring and, hopefully, more adoption. There are of course other filings for similar products, and it would make sense for them to come to market,” Wald included.

Related: JPMorgan states inflation issues, not ETFs, driving Bitcoin cost dive

As formerly reported, ProShares’ Bitcoin Strategy ETF ended up being the very first Bitcoin futures-based ETF to ever launch in the United States, beginning trading on the New York Stock Exchange on Oct. 19. Earlier in October, the SEC likewise authorized a Bitcoin-connected ETF item by Volt Equity, supplying financiers with an instrument investing in business with considerable direct exposure to Bitcoin.