VanEck, the global asset management company has filed for a new Bitcoin Futures ETF under Act 40 with the SEC. The Bitcoin Strategy ETF would hold BTC Futures product under its custody, becoming the fourth firm to file for such a specific Bitcoin ETF since last week.
The rapid increase in the filing of Bitcoin Strategy ETFs comes on the heels of SEC chair Gary Gensler’s indication that a Bitcoin Futures ETF has a better chance of getting SEC approval than those who hold Bitcoin.
Last week, Invesco became the first platform to file for a Bitcoin Strategy ETF just hours after Gensler’s approval comment. Eric Balchunas, a Bloomberg ETF analyst had predicted that firms would rush to file for Bitcoin “Futures” ETF after Gensler’s indication.