{"id":52977,"date":"2021-11-16T18:28:43","date_gmt":"2021-11-16T16:28:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52977"},"modified":"2025-09-03T12:47:16","modified_gmt":"2025-09-03T09:47:16","slug":"trading-begins-for-vanecks-bitcoin-futures-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trading-begins-for-vanecks-bitcoin-futures-etf\/","title":{"rendered":"Trading begins for VanEck&#8217;s Bitcoin Futures ETF"},"content":{"rendered":"<p>On Tuesday, November 16, at the Chicago Board Options Exchange (CBOE), trading began for VanEck&#8217;s bitcoin futures ETF under the ticker XBTF.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Just launched: VanEck Bitcoin Strategy ETF (XBTF). <a href=\\\"https:\/\/twitter.com\/hashtag\/cboelisted?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cboelisted<\/a> Learn more: <a href=\\\"https:\/\/t.co\/V37W1RN2Cs\\\">https:\/\/t.co\/V37W1RN2Cs<\/a> <a href=\\\"https:\/\/t.co\/lyXjKxDCFF\\\">pic.twitter.com\/lyXjKxDCFF<\/a><\/p>\n<p>\u2014 VanEck (@vaneck_us) <a href=\\\"https:\/\/twitter.com\/vaneck_us\/status\/1460614900909318154?ref_src=twsrc%5Etfw\\\">November 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>VanEck Bitcoin Strategy ETF became the third such instrument on U.S. exchanges after products from <a href=\"https:\/\/forklog.com\/en\/news\/sec-quietly-approves-first-futures-based-bitcoin-etf\">ProShares<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-futures-based-bitcoin-etfs-from-vaneck-and-valkyrie-investments\">Valkyrie Investments<\/a>, listing on NYSE and Nasdaq respectively.<\/p>\n<p>The proposal to launch a bitcoin futures ETF was approved by the U.S. Securities and Exchange Commission (SEC) in late October, alongside Valkyrie Investments&#8217; filing <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-futures-based-bitcoin-etfs-from-vaneck-and-valkyrie-investments\">.<\/p>\n<p>The opening price for XBTF shares stood at $60.91. In the first hour of trading, quotes fell to $60.60 and rose to $61.43.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh3.googleusercontent.com\/oA5mInb7dYUPFLxXR-HvxyfYysLqBYLMjkCZ4v8prbZP7CSiyp5MKVJkbIfXnt2hBzP6JVMGBmbQolLXYz7HmKwPnWJhKF80JRaXo0B4UFojwoc5x3Dlw77Qa1JMF2LbnA3zspcE\\\" alt=\\\"\u041d\u0430\u0447\u0430\u043b\u0438\u0441\u044c \u0442\u043e\u0440\u0433\u0438 \u0444\u044c\u044e\u0447\u0435\u0440\u0441\u043d\u044b\u043c \u0431\u0438\u0442\u043a\u043e\u0438\u043d-ETF \u043e\u0442 VanEck\\\"\/><figcaption>Data: <a href=\\\"https:\/\/www.tradingview.com\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The start of trading came on a day when the spot price of Bitcoin dipped below the $59,000 level <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-slips-below-59000\">.<\/p>\n<p>Earlier, the SEC <a href=\"https:\/\/forklog.com\/en\/news\/sec-rejects-vanecks-application-to-launch-a-spot-bitcoin-etf\">rejected<\/a> VanEck&#8217;s application to launch a bitcoin ETF. The company <a href=\"https:\/\/forklog.com\/en\/news\/cboe-files-to-list-bitcoin-etf\">filed the prospectus<\/a> in early March, but the regulator postponed the decision twice\u2014 in <a href=\"https:\/\/forklog.com\/en\/news\/sec-delays-vanecks-bid-to-launch-a-bitcoin-etf-until-june-2021\">April<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/sec-again-extends-review-of-vanecks-bitcoin-etf-filing\">June<\/a>.<\/p>\n<p>Bloomberg Intelligence analyst <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-futures-etf-likely-to-arrive-in-the-united-states-before-a-spot-bitcoin-fund\">predicted<\/a> that the SEC would be more likely to approve a futures Ethereum ETF than permit the launch of an ETF based on the spot price of Bitcoin.<\/p>\n<p>Follow ForkLog&#8217;s news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading began on Tuesday, November 16, at the Chicago Board Options Exchange (CBOE) for VanEck&#8217;s bitcoin futures ETF under the ticker XBTF.<\/p>\n","protected":false},"author":1,"featured_media":52978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[712,1211,783],"class_list":["post-52977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cboe","tag-stock-market","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52977"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52977\/revisions"}],"predecessor-version":[{"id":52979,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52977\/revisions\/52979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52978"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}