The VanEck Bitcoin ETF began trading this morning...
It's not the ETF we want or need right now, but it's another ETF never the less.
After rejecting their physically settled bitcoin ETF application, the SEC approved the futures based product...
Does this actually make sense to anyone out there?!
Futures backed ETFs are still based off of prices set in the spot markets.
It's simply a derivative of the spot markets which the SEC seems to have a problem with, which again makes no sense.
You can be comfortable with one and not the other, it's either you approve both or neither.
This literally makes no sense.