Bitcoin breaks its records and there is no end to the hype of the moment towards the crypto sector.

The new historical record presumably was innervated by the adoption of the ETF by the SEC which had a really long gestation.

If the first to receive the ok from the U.S. regulator was that of Proshares with the ticker $BITO, officially started on Tuesday 19 October with a resounding success, to represent the most important launch in history for volumes of an exchange traded fund in the main exchange of the world. They reached about $280 million in the first twenty minutes, to close with nearly $1 billion in traded securities).

This was followed by an ETF from another major manager, Valkyrie with the ticker $BTFD and then, in recent news, the SEC approved a new ETF from investment giant VanEck with the ticker $XBTF.

Like its predecessors, this one will follow the trend of CME futures and finally from Monday, October 25 at 3 p.m. also VanEck, among the first to attack the SEC’s delays about the approval of ETFs, will have its own instrument.

Sec chairman Gensler confirmed that the SEC does not plan in the near future to approve funds based on physical BTC:

“What we’re trying to do is bring in new protected products for investors.

For the past four years, BTC futures have been overseen by the SEC’s sister agency, the Commodities Futures Trading Commission.

It is a product overseen by a federal regulator that is integrated into the SEC’s jurisdiction through the Investment Company Act of 1940.”

As a reminder, the world’s first Bitcoin ETF to be listed was that of Purpose Investment on the Toronto Stock Exchange in Canada last February, which was followed, also in Canada by those as underlying Bitcoin and Ethereum.