VanEck has received regulatory approval to launch its bitcoin futures exchange-traded fund (ETF) next week, a post-effective filing with the Securities and Exchange Commission (SEC) shows. The company is the latest in joining the bitcoin-linked ETF race in the U.S. with the green light to compete with ProShares’ offering, which started trading yesterday.

The VanEck Bitcoin Strategy ETF has been given permission by the SEC to begin trading after Saturday, October 23, under the ticker “XBTF,” meaning the fund will most likely go live on Monday, October 25, the first day of market open next week.