Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2021-10-18 12:47:32

ProShares Bitcoin futures ETF to launch Tuesday - NYT

Financial markets are readying for the expected launch of the first U.S. Bitcoin futures ETF on Tuesday. The ProShares Bitcoin ETF (BITO) is meeting with no obstructions from regulators in advance of a deadline Monday for them to raise objections. According to The New York Times, the New York Stock Exchange is therefore preparing to list the fund on Tuesday, as the firm and the exchange told DealBook. Bitcoin fans have long been waiting for the approval of exchange traded funds that can hold crypto assets. The U.S. Securities and Exchange Commission has yet to authorize ETFs that directly hold Bitcoin (BTC-USD) or other cryptocurrencies. However, the ProShares Bitcoin Strategy ETF (BITO) appears poised to become the first U.S. ETF authorized to hold Bitcoin futures. Other ETF firms are waiting for approval to launch similar funds. Grayscale Investments now intends on filing a submission to convert GrayScale Bitcoin Trust (OTC:GBTC)

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.