Sec said allow bitcoin as deadline

Introducing Ether/Bitcoin Ratio futures, a seamless new way for market participants to express their view on the relative value between Bitcoin and Ether futures. Trending Topics The victory for Grayscale is also seen as a positive sign for the crypto industry as a whole, as it shows that the SEC’s attempts to crack down on crypto-related products may not hold up in court. The ruling could also pave the way for more innovation and adoption of crypto ETFs in the U.S., as other fund managers may follow Grayscale’s example and challenge the SEC’s authority.

The Valkyrie Bitcoin Strategy ETF (BTF) is an actively managed ETF that launched in October 2021, hot on the heels of BITO. The Valkyrie Bitcoin Strategy fund aims to spend as close to 100% of its net assets as it can in Bitcoin futures contracts. Any remaining assets will be held in U.S. government securities, money market funds and corporate bonds. Boston hedge fund buys active ETF shop While bitcoin futures ETFs could be expensive, they are unlikely to be more expensive than the crypto funds and vehicles already available to investors, said Dave Nadig, chief investment officer and director of research at ETF Trends. He estimated that a bitcoin futures ETF could cost 90 basis points on average, in line with what the Ark 21Shares Bitcoin ETF, a physically backed fund awaiting approval, said it would charge.