SEC Chair Gary Gensler told Yahoo Finance that the more than $2 trillion crypto space still needs to be regulated to ensure investor protection.
Bitcoin-futures ETFs give investors some bitcoin exposure but they do have "deficiencies," says one market expert.
The company's bitcoin futures ETF will start trading in the US on Friday, October 22, rivalling ProShares' own launch earlier this week, reports said.
Pimco has already dipped its toe into digital assets via investments in crypto-linked securities, its CIO Daniel Ivascyn told CNBC.
The Dow hit an intraday record on Wednesday, while the S&P 500 climbed for a sixth straight session, approaching record highs.
The VanEck Bitcoin Strategy ETF will begin trading under the ticker XBTF after October 23, the asset management firm said in a regulatory filing.
Bitcoin reached an overnight high around $64,500 on Wednesday after a run-away market debut of the first futures ETF the day before.
Cathie Wood is holding off from buying ProShares Bitcoin Strategy ETF, citing tax implications. "We're looking at this very carefully," she added.
The overall demand for BITO was likely from a combination of investment advisors, private banking clients, and funds shorting the ETF, Vanda said.
Fundstrat raised its S&P 500 year-end target to 4,800, reflecting a 7% upside from current levels.
The ProShares Bitcoin Strategy ETF began trading on the New York Stock Exchange under the ticker symbol "BITO."
Invesco is yet to formally withdraw its ETF filing. But on Monday, it delayed the effective date of its futures-based ETF to October 29.
Valkyrie will be hoping the new ticker will draw in the crypto community and the meme stock crowd.
Crypto assets under management hit a record $72.32 billion in the week to Friday ahead of this week's ETF launch, CoinShares said.
A strong earnings season so far has offset stock market investors' fears about inflation, central banks and Evergrande.
Morgan Creek Capital chief Mark Yusko noted that bitcoin tumbled as much as 17% to around $44,000 after El Salvador adopted it as legal tender.
The arrival of the bitcoin-futures ETF comes as bitcoin this year has moved above $1 trillion in market capitalization.