Bitcoin futures ETF slated to list Monday
The ProShares bitcoin futures-based exchange traded fund (ETF) is slated to list Monday pending no last minute regulatory interference.
The firm filed a post-effective amended prospectus today stating its intention to launch on Oct. 18. It will list under the ticker $BITO
There will likely be no formal green light from the Securities and Exchange Commission (SEC). In the case of such registrations, once 75 days lapses from the initial filing with no dissent from the SEC, a product is clear to list. ProShares most recent filing indicates it will list on NYSE Arca this Monday.
It will be the first crypto futures-based product to list on a U.S. exchange. Though it does not provide a vehicle to directly invest in bitcoin, it will be the most direct exposure available to investors in the form of an ETF.
Eric Balchunas, senior ETF analyst at Bloomberg, said the post effective filing amounts to “home free” for ProShares.
“The deed is done,” he tweeted with a screenshot of the filing.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Go to Source
Author: Aislinn Keely
