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VanEck's Bitcoin Strategy ETF Begins Trading at Cboe
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Another bitcoin exchange traded fund (ETF) made its debut in the markets. Less than a month after ProShares launched the first bitcoin ETF in the markets, investment firm VanEck's Bitcoin Strategy ETF (XBTF) has begun trading at Cboe Global Markets (CBOE) on Nov. 16, 2021. The fund tracks prices for bitcoin futures traded at the Chicago Mercantile Exchange (CME). It is a cash-settled futures fund, meaning it tracks prices for bitcoin futures and is settled in cash, instead of actual bitcoin.
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