ProShares follows Valkyrie in approval for itemizing Bitcoin Technique ETF


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

Based on an Oct. 15 discover from the Securities and Alternate Fee, or SEC, the company has accepted the registration of securities from ProShares Belief’s Bitcoin (BTC) Technique exchange-traded fund, which provides 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.

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

Associated: Nasdaq itemizing hints that the SEC could quickly approve ETF utility from Valkyrie

The potential ProShares itemizing comes following the agency making use of to withdraw its utility for an Ethereum ETF with the SEC in August. On the time, ProShares mentioned it had not offered any securities linked to the potential providing.

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