[2021-10-22]Valkyrie Launches Second Bitcoin Futures ETF in US

[zasad@]

https://decrypt.co/84098/valkyrie-launches-second-bitcoin-futures-etf-u-s
Valkyrie Launches Second Bitcoin Futures ETF in US
"Digital asset manager Valkyrie has announced the launch of its Bitcoin futures ETF following approval from the SEC.
Valkyrie is launching the second Bitcoin futures exchange-traded fund (ETF) in the U.S., the company announced on Friday.

Valkyrie’s Bitcoin Strategy ETF is set to trade on the Nasdaq under the ticker BTF and will track the value of Chicago Mercantile Exchange (CME) Bitcoin futures.
"

[Daltonik]

And the SEC postponed another application for the launch of a spot bitcoin ETF filed by Valkyrie Investments, arguing that it takes time to study all the materials. The statement says that the commission increases the deadline for consideration of the application until January 7, 2022, previously the deadline was set until December 9. https://www.sec.gov/rules/sro/nysearca/2021/34-93489.pdf

[Daltonik]

According to a document distributed by the SEC, on December 22, the regulator rejected Valkyrie's application for registration of a bitcoin ETF, explaining its decision by the fact that this proposal to create a bitcoin ETF does not meet standards designed to prevent fraud and manipulation, as well as to protect market participants and public interests.
https://www.sec.gov/rules/sro/nysearca/2021/34-93859.pdf

The SEC has consistently implicitly rejected or postponed consideration of applications from companies to create bitcoin ETFs by them.

[bbc.reporter]

@Daltonik. I am not certain on this, however, the ETFs that were approved by the SEC in America were not for bitcoin the coin but only for ETFs on bitcoin futures contracts. I am skeptical because there would be no difference in meeting the standards of fighting fraud and manipulation between the spot market and the futures contracts market.