The US SEC has accepted the registration request for ProShare’s Bitcoin Strategy ETF. The shares are to be listed on the New York Stock Exchange Arca.
The ProShares Trust’s Bitcoin exchange-traded fund has the goal of offering exposure to the crypto asset using futures contracts. Furthermore, ProShares filed a post-effective amendment prospectus in which it is mentioned that it may launch the ETF as soon as October 18th.
According to plans, the assets will be listed on NYSE Arca if the SEC goes on to officially approve the application. James Seyffart, analyst for Bloomberg, revealed that the ProShares Bitcoin Strategy ETF is to be listed with the ticker symbol BITO with 95 basis points.