VanEck – among the initial US-headquartered asset managers submitting filings for a Bitcoin (BTC) exchange-traded fund (ETF) – is reportedly introducing its Bitcoin futures ETF, at long last. 

Specifically, as revealed by the Chicago Board Options Exchange (CBOE), the trading for VanEck’s Bitcoin Strategy ETF will be available on CBOE under the ticker symbol XBTF, starting November 16th. 

VanEck’s new ETF is reportedly among the BTC futures-based ETFs rolled out in the US, including the ProShares Bitcoin Strategy ETF, which secured the pioneering position for a Bitcoin futures ETF to begin trading across the New York Stock Exchange on Oct. 19.

Valkyrie’s Bitcoin Strategy ETF reportedly rolled out its Nasdaq-based trading under the BTF ticker in late October.

CBOE’s listing of XBTF reportedly surfaced only a few days after the U.S. Securities and Exchange Commission issued an official rejection of VanEck’s spot Bitcoin ETF application.

The SEC argued that the proposed rule adjustment for the ETF listing did not satisfy the standards to “prevent fraudulent and manipulative acts and practices” or “protect investors and the public interest.”

Established in 1955, VanEck is reportedly among the U.S. asset managing entities which primarily deal with thematic and gold-based ETFs and mutual funds.

The entity secured its reputation across the crypto sphere for being the top US company ever to submit the filing for a Bitcoin futures ETF. Numerous submission attempts for a BTC ETF have been recorded from the firm by the SEC since then but have only been able to obtain the approval for the ETF to date. 

SEC Chair Gary Gensler previously shared some hints regarding the SEC employing a more open attitude in accepting ETFs, dependent on cryptocurrency futures, instead of via direct exposure.