First Bitcoin Futures ETF Could Start Trading on Monday

It seems that years after the primary Bitcoin ETF proposal was filed, the United States Securities and Exchange Commission (SEC) has determined to greenlight a futures-backed exchange-traded fund for the primary time.

  • ProShares, the company which filed for its Bitcoin Strategy ETF, is perhaps the very first one to see it launch subsequent week.
  • It filed an amended prospectus which signifies that it may go reside as quickly as Monday.
  • It’s value noting that this isn’t an ordinary ETF however a futures-backed one the place the product is tied to Bitcoin futures contracts and to not Bitcoin itself.
  • Still, it is a main milestone for the cryptocurrency business and one that may have appreciable implications sooner or later.
  • Exchange-traded funds present a neater option to obtain publicity to the underlying asset in a regulated and safe method.
  • They are a conventional funding car – one which buyers are already completely acquainted with and characterize a really handy onboarding instrument in terms of receiving Bitcoin publicity.

This story is creating and is perhaps up to date sooner or later.


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