ETF provider Teucrium trading files for a Bitcoin futures ETF
|The ETF would track a benchmark of bitcoin futures contracts.
Add a bitcoin (BTC, +9.41%) futures exchange-traded fund (ETF) to the list of cryptocurrency-focused ETF applications before the U.S. Securities and Exchange Commission (SEC) right now.
ETF provider Teucrium Trading filed an application with the SEC to launch an ETF that would trade on NYSE Arca and would track a benchmark of bitcoin futures contracts.
While the SEC has yet to approve the application of any bitcoin ETF, Teucrium could be hoping the Teucrium Bitcoin Futures Fund (BCFU) would have an advantage over applications that propose ETFs that are physically backed by bitcoin.
Bitcoin ETF proponents have been hoping newly confirmed SEC Chair Gary Gensler will oversee the approval of an ETF, but recent comments from SEC staff that called bitcoin “highly speculative” may mean the regulator is not yet ready to support such a vehicle.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.