ProShares will launch a bitcoin futures exchange-traded fund (ETF) that will start trading on the New York Stock Exchange tomorrow, the company confirmed in an SEC filing on Monday.
CoinDesk first reported on Friday that the ETF was scheduled to launch this week.
The fund is linked to bitcoin futures that are traded on the Chicago Mercantile Exchange.
With the SEC mulling dozens of bitcoin ETFs, Chairman Gary Gensler has made it clear that funds linked to the futures market rather than the underlying asset were more likely to win regulatory approval.
News of long-awaited approval for a bitcoin-related ETF sent the world’s largest crypto by market value to levels not seen since April. Bitcoin climbed above $60,000 for the first time in nearly six months on Friday.
Would you invest in a bitcoin futures ETF?
Read the full story linked in bio.
#bitcoin #futures #CME #ETF
