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Bloomberg analyst James Seyffart reported that the crypto futures ETF would be listed with the ticker symbol BITO, possibly as early as Oct. 18.The United States Securities and Exchange Commission has accepted the registration request for ProShares’ Bitcoin Strategy ETF, with the shares to be listed on the New York Stock Exchange’s Arca.

According to an Oct. 15 notice from the SEC, the agency has accepted the registration of securities from ProShares Trust’s Bitcoin (BTC) exchange-traded fund, which offers exposure to the crypto asset with futures contracts. In addition, ProShares filed a post-effective amendment prospectus, which states its ETF could launch as early as Oct. 18.

The assets will be listed on NYSE Arca, should the SEC officially approve the application. Bloomberg analyst James Seyffart reported that ProShares Bitcoin Strategy ETF would be listed with the ticker symbol BITO with 95 basis points

Source : preiposwap.com/breaking-proshares-follow...bitcoin-strategy-etf

According to an SEC notice from Oct. 15, the agency accepted registration of the securities of ProShares Trust’s Bitcoin exchange-traded fund (BTC), which provides exposure to the crypto asset with futures contracts. Additionally, ProShares has filed a post-effective amendment prospectus, which indicates that its ETF could be launched as early as October 18.

The bitcoin futures ETF from ProShares will begin trading next week, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United States.

The Securities and Exchange Commission had not formally approved the creation of bitcoin futures ETF as of Friday afternoon and the agency may never make a formal declaration of approval for it. But the ProShares’ announcement indicates that the agency is unlikely to block the listing at this point.

Several companies, including Invesco and Valkyrie, have applied to launch similar ETFs that could follow ProShares into the market in the weeks ahead.

The approval of a futures ETF for bitcoin will be seen as only a partial victory by some in the crypto community, as the outlook for a similar fund that tracks the spot-market price of bitcoin remains unclear.

An ETF, which stands for “exchange traded fund,” is an asset that trades on the open market like a stock and is open to regular investors. Some companies, such as Grayscale, have products that offer exposure to bitcoin already but they are only available to qualified wealthy investors or in over-the-counter markets, where the shares often trade at a price that does not match the underlying cryptocurrency.