HomeCryptoProShares follows Valkyrie in approval for listing Bitcoin Strategy ETF

ProShares follows Valkyrie in approval for listing Bitcoin Strategy ETF

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 discover from the SEC, the company has accepted the registration of securities from ProShares Trust’s Bitcoin (BTC) exchange-traded fund, which provides publicity to the crypto asset with futures contracts. In addition, ProShares filed a post-effective modification prospectus, which states its ETF might launch as early as Oct. 18.

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

Related: Nasdaq listing hints that the SEC could quickly approve ETF utility from Valkyrie

The potential ProShares listing comes following the agency making use of to withdraw its utility for an Ether (ETH) ETF with the SEC in August. At the time, ProShares mentioned it had not bought any securities linked to the potential providing.

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