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

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

News
October 18, 2021 by J.D. Smith
61
The long-anticipated launch of a Bitcoin Futures ETF in the United States might be over as a more recent report claimed such a product will go live for trading on October 19th. The topic of whether or not the United States Securities and Exchange Commission will ever greenlight an exchange-traded fund tracking the performance of
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The long-anticipated launch of a Bitcoin Futures ETF in the United States might be over as a more recent report claimed such a product will go live for trading on October 19th.

  • The topic of whether or not the United States Securities and Exchange Commission will ever greenlight an exchange-traded fund tracking the performance of bitcoin has been going on for years.
  • Following countless rejections, the watchdog seems to have changed its mind on an ETF for BTC futures contracts, as several reports from last week claimed.
  • A more recent one from the New York Post even provided a specific date when such a product will go live in the US.
  • It reads that ProShares and the New York Stock Exchange have both confirmed that the formers’ Bitcoin Futures ETF will officially be released tomorrow – October 19th.
  • Michael Sapir, CEO of ProShares – the issuer of the ETF – said, “2021 will be remembered for this milestone.”
  • He believes that investors who have been staying away from the asset until now will receive “convenient access to Bitcoin in a wrapper that has market integrity.”
  • The SEC’s Chairman, Gary Gensler, previously hinted that a Bitcoin Futures ETF could be approved due to the enhanced protection for investors.
  • ProShares filed for its Bitcoin Strategy ETF earlier this year.
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