ProShares follows Valkyrie in approval for listing Bitcoin Strategy ETF


America Securities and Trade Fee has accepted the registration request for ProShares’ Bitcoin Technique ETF, with the shares to be listed on the New York Inventory Trade’s Arca.

In keeping with an Oct. 15 discover from the SEC, the company has accepted the registration of securities from ProShares Belief’s Bitcoin (BTC) exchange-traded fund, which gives publicity to the crypto asset with futures contracts. As well as, ProShares filed a post-effective modification prospectus, which states its ETF may launch as early as Oct. 18.

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The belongings can be listed on NYSE Arca, ought to the SEC formally approve the applying. Bloomberg analyst James Seyffart reported that ProShares Bitcoin Technique ETF could be listed with the ticker image BITO with 95 foundation factors.

Associated: Nasdaq listing hints that the SEC may soon approve ETF application from Valkyrie

The potential ProShares itemizing comes following the agency applying to withdraw its application for an Ether (ETH) ETF with the SEC in August. On the time, ProShares mentioned it had not bought any securities linked to the potential providing.

This story is growing and could also be up to date.