Bitcoin Futures ETF Valkyrie to launch on Friday

Karthik Subramanian

It is the week of the Bitcoin ETFs and the third one to go live would be the crypto-native Bitcoin Futures ETF Valkyrie that would be listed on the NASDAQ under the ticker BTF.


The fund management company has finally managed to secure the go-ahead from the Securities and Exchange Commission (SEC) and is the third Bitcoin ETF to secure approval after ProShares Bitcoin Strategy ETF and VenEck’s Bitcoin ETF which also secured their approvals pretty recently. It must be noted that Valkyrie would be the first crypto-native fund that would be going live as the other two deal with non-crypto ETFs as well. All these ETFs have seen their applications for listing being stalled by the SEC for a long time which had led to suspicions that they may not see the light of day at all with different kinds of news coming out on different days.

But all those rumors and doubts were laid to rest over the last week with the approval of the first Bitcoin ETF and with that happening, it opened the floodgates for the others as approval of one would automatically mean that the others in the queue would also need to be approved pretty soon and that’s what we have been seeing over the last week. It was also clear that the market was waiting in anticipation for the listing which was proved by the fact that the ProShares ETF brought in $570 million of assets on the first day with over $1 billion worth of trading making it one of the most successful ETF launches ever. This shows that the interest in Bitcoin runs deep in the market and everyone truly believes that its value would go up in the future.

This also opens the doors for other such ETFs to launch and very soon, we may be seeing ETFs that are based not just on Bitcoin but other tokens like Ethereum and others as well and this should make the market wholesome as the crypto market needs to grow beyond the Bitcoin craze and the mainstream investors also need to understand that there is more to the crypto world than just bitcoin. This will happen over time as the market matures and the variety of products that are being offered for the investor’s increases. So far, the growth and maturing of the crypto industry have been in the right direction which has made people sit up and take notice.

Read this next

Retail FX

Scope Markets launches unleveraged trading

“Whilst our traditional contract for difference (CFD) products continue to prove incredibly popular, the Invest account is unleveraged and only allows ‘long’ positions to be taken, a combination that significantly reduces the risk of capital losses.”


Unlocking Profit Potential: Earn Returns with DecodeEX Experience Bonus!

DecodeEX, the innovative brokerage subsidiary of Decode Global, announced its experience bonus campaign, offering every user the opportunity to maximize their strategic trading potential with up to $10,000 in experience bonus. 

Market News

Pretiorates’ Thoughts 28 – Precious metals and base metals out of control

Ten days ago we mentioned in Pretiorates’ Thoughts 26: Chapter 2 should start with Precious Metals.

Retail FX

Webull launches discount brokerage in Malaysia

“Making investing more inclusive and accessible to all, Webull Malaysia brings best-in-class tools and information to empower investors of all levels with knowledge and skills to help them make better investment decisions and achieve their investment goals.”

Digital Assets

Hidden Road adds OKX’s Nitro Spreads into prime brokerage

“Hidden Road continually seeks to increase market access and capital efficiency through expanded prime brokerage offerings. Integrating OKX’s Nitro Spreads product builds upon this philosophy by extending our counterparties’ ability to execute risk-managed arbitrage strategies.”


Dev Release 31: BlockDAG’s SHA-3 Upgrades Propel Crypto Mining Innovation as Miner Sales Approach 5800 Units

Learn about BlockDAG’s 31st Development Release, which includes advanced SHA-3 updates and a significant increase in miner sales, driving advancements.


BlockDAG Dominates 2024 Crypto Trends: Surpasses $28M in Presales Amid Strategic Partnerships

Explore BlockDAG, Shiba Inu, and Kaspa Killer’s rise in 2024’s crypto market, focusing on BlockDAG’s $28M presales, strategic partnerships, and innovative technology.


BlockDAG’s $30 by 2030 Valuation Prediction and Roadmap Reveal Gains Traction From Filecoin and XLM Investors

Discover why BDAG’s $30 price prediction by 2030 outshines Filecoin Investors’ hopes and XLM’s recent surge with a booming presale and clear roadmap.


BlockDAG Captures $28 Million in Presale, Drawing Investors Away from Ethereum and Bitcoin

Explore how BlockDAG’s revamped dashboard led to a $28 million presale boost, while Ethereum sees a downturn and Bitcoin struggles with hash rate reductions.