VanEck to Join ProShares in Launching a Bitcoin Futures ETF

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Canada allowed bodily backed bitcoin ETFs to launch earlier this 12 months, nevertheless, whereas the U.S. remains to be solely permitting futures-linked ETFs to go reside. SEC Chair Gary Gensler, who opened the door for these merchandise in August, has mentioned in a number of public statements that he believes ETFs filed below the Investment Company Act of 1940, which govern the futures ETFs, present stronger funding protections than the Securities Act of 1933, which govern bodily ETFs.