Main navigation

Long-Awaited Second Bitcoin Futures ETF Starts Trading on NASDAQ, Up on Premarket

Fri, 10/22/2021 - 14:00
article image
Arman Shirinyan
Second Bitcoin futures NFT is now live trading on NASDAQ
Long-Awaited Second Bitcoin Futures ETF Starts Trading on NASDAQ, Up on Premarket
Cover image via
Read U.TODAY on
Google News

Valkyrie Funds announces the launch of the Bitcoin Strategy ETF with the ticker BTF on NASDAQ. The trading starts now, while the long-awaited ETF opens with 1.61% growth on the pre-market. The fund tracks the value of Chicago Mercantile Exchange (CME) Bitcoin futures and is designed to create more exposure to the cryptocurrency market.

Since Bitcoin and other digital assets became more popular among both retail and institutional investors, the fund decided to launch a regulated product that will be available on widely used and well-known platforms.

Sam Altman, Formerly of Y Combinator, Launches "Global" Cryptocurrency: Details

Investors will be able to become a part of the digital assets market by adding to their portfolios a regulated and transparent product that is already trading on the widely known exchange. The majority of traditional brokerages would also be able to give their clients exposure to the crypto market through newly presented products.

Bitcoin futures are already trading under the oversight of the CME and becoming more popular with the progressive development of the cryptocurrency industry. The fund's goal is to track the value of Bitcoin derivatives, which will allow BTF to provide exposure to a wider spread of retail and institutional investors.

With the approval of futures-backed Bitcoin ETFs, more traders will receive exposure to the crypto market in addition to marking a significant milestone for crypto derivatives.

article image
About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.