The Securities and Exchange Commission (SEC) is expected to allow Bitcoin futures ETFs to begin trading on U.S. exchanges this month in a first for the industry. ProShares, which filed an application for its Bitcoin Strategy ETF in the summer, may be the first to launch this week. The SEC’s formal approval is not required: if there are no objections from the regulator, the fund will be considered cleared for trading at the end of the SEC’s 75-day review period. According to people familiar with the matter, the SEC is expected to allow the ProShares ETF to commence trading.
CH-019278 (Webpage Portal) 2021-10-15 (Published) 2021-10-22 (Updated)