Bitcoin ETFs Seek Approval Following Launch of Futures

Two companies have recently applied to the US Securities and Exchange Commission (SEC) for approval of their new Bitcoin Exchange-Traded Funds (ETFs).

According to its real-time filings system EDGAR, the SEC received new applications for REX Bitcoin Strategy ETF, and REX Short Bitcoin Strategy ETF on Dec. 8 and VanEck Vectors Bitcoin Strategy ETF on Monday.

Neither of the companies operating these funds would hold Bitcoin directly - the ETFs will be based on futures contracts and other Bitcoin-linked derivatives. If any one of the applications gets approval it would become the first operating Bitcoin ETF in the world.