Another bitcoin-futures ETF is slated to start trading in October

• VanEck looks ready to launch its bitcoin-futures ETF next week under the ticker "XBTF," according to an SEC filing.
• VanEck's Bitcoin Strategy ETF will begin trading after October 23, suggesting the launch could be on Monday, October 25.

Asset management firm VanEck looks set next week to launch an exchange-traded fund tied to $4 futures, just days after ProShares debuted the first-ever such product in the public markets.

VanEck's Bitcoin Strategy ETF will begin trading after October 23 on the Cboe BZX Exchange, according to a company $4. The fund will only invest in cash-settled bitcoin futures traded on exchanges registered with the Commodity Futures Trading Commission, such as the $4.

The product will carry the ticker symbol "XBTF" and will begin trading "[as] soon as practicable after the effective date," of the registration statement. Since October 23 is a Saturday, that points to a potential start date of Monday, October 25.

Investors would then have another choice in a futures-based product after Tuesday's launch of the $4. The "BITO" ETF $4 contracts rather than the bitcoin, the world's most-traded $4.

Meanwhile, a filing on Monday by $4 indicates it's also set to soon launch its own bitcoin futures ETF.

The new ETFs will follow a blockbuster debut by ProShares, which reportedly said its ETF brought in $570 million in assets on its launch day. It was the second-most heavily traded fund, landing $4 with more than 24 million shares exchanged, according to Bloomberg data.

Bitcoin on Wednesday soared to a new all-time record high of $66,930.39, $4.