The first Bitcoin futures ETF could start trading on Monday

The first Bitcoin futures ETF could start trading on Monday

It seems that the United States Securities and Exchange Commission (SEC) decided years after the first Bitcoin ETF proposal has been submitted to give green light for the first time to a futures-supported stock exchange-traded stock market.

Proshares, the company that has applied for its Bitcoin strategy ETF, could be the very first one that will be launched next week. A What indicates that it could go live on Monday. It is worth noting that this is not a standard ETF, but a futures-based one in which the product is bound to Bitcoin futures contracts and not to Bitcoin itself. Nevertheless, this is an important milestone for the cryptocurrency industry and one that could have significant effects in the future. Exchange Traded Funds offer an easier way to enter into a regulated and safe commitment in the underlying. You are a traditional investment vehicle-one with which investors are already very familiar with and represent a very convenient onboarding tool when it comes to obtaining Bitcoin exposure.