in

Bitcoin ETF Approved, Trading Tomorrow – Trustnodes

Bitcoin ETF Approved, Trading Tomorrow – Trustnodes


The bitcoin ETF has officially been approved to begin trading tomorrow after SEC did not reject it.

The ProShares Bitcoin Strategy ETF will start trading on the New York Stock Exchange on October 19th according to both the firm and the exchange, NY Times reports.

“2021 will be remembered for this milestone,” Michael Sapir, the C.E.O. of ProShares, is quoted as saying.

“This is an exciting step but not the last,” Douglas Yones, the N.Y.S.E.’s head of exchange traded products, is quoted as saying with Yones foreseeing a range of crypto-linked ETFs getting approval eventually.

The one listed tomorrow tracks bitcoin futures only, but there are numerous other filings pending approval by December, some of which include bitcoin spot ETFs.

Grayscale is also trying to convert into an ETF after years of serving accredited investors, with the ProShares ETF potentially being the first step to the world’s biggest market.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Soldex Partners With Speqto Technologies to Accelerate The Development Of Its DEX Solution

Soldex Partners With Speqto Technologies to Accelerate The Development Of Its DEX Solution

Mid Post Ads

ProShares Bitcoin Futures ETF Will Reach Wall Street on Tuesday (Report)