ProShares Bitcoin ETF To Go Live Tomorrow, Marking Major Miles | CryptoSoul

ProShares Bitcoin ETF To Go Live Tomorrow, Marking Major Milestone For Crypto World

After a myriad of rejections by the SEC over the past years, it has now been officially confirmed that the first-ever Bitcoin ETF in the United States is set to make its debut this week.

ProShares’ ETF To Start Trading On NYSEThis week marks a landmark event in the crypto industry as the first long-awaited Bitcoin ETF in the U.S. will debut on the New York Stock Exchange on October 19. ProShares will launch the Bitcoin Futures ETF known as ProShares Bitcoin Strategy ETF under the ticker BITO. The fund is linked to BTC futures that are traded on the Chicago Mercantile Exchange (CME).

The ETF will finally start trading after a 75-day review period by the Securities and Exchange Commission (SEC) captained by Gary Gensler and will provide investors with a new way to purchase the benchmark cryptocurrency on the stock market.