Canada allowed physically backed bitcoin ETFs to launch earlier this year, however, while the U.S. is still only allowing futures-linked ETFs to go live. SEC Chair Gary Gensler, who opened the door for these products in August, has said in multiple public statements that he believes ETFs filed under the Investment Company Act of 1940, which govern the futures ETFs, provide stronger investment protections than the Securities Act of 1933, which govern physical ETFs.
VanEck to Join ProShares in Launching a Bitcoin Futures ETF
