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ProShares Bitcoin Futures ETF will reach Wall Street on Tuesday (report)
The long-awaited introduction of a Bitcoin futures ETF in the United States could be over because a recent report claims that such a product will be on October 19. The topic of whether the US stock exchange supervisory authority Securities and Exchange Commission will ever give the green light for a stock market-traded fund that is pursuing the performance of Bitcoin for years. After countless rejections, the watchdog seems to have changed its opinion on an ETF for BTC Futures Contracts, since several reports from last week claim. A newer from New York Post even provided a certain date on which such a product in the USA live ...
ProShares Bitcoin Futures ETF will reach Wall Street on Tuesday (report)
The long-awaited introduction of a Bitcoin futures ETF in the USA could be over because a recent report claims that such a product will be on October 19th.
The topic of whether the US stock exchange supervisory authority Securities and Exchange Commission will ever give the green light for a stock market-traded fund that has been pursuing Bitcoin's performance has been underway for years. After countless rejections, the watchdog seems to have changed its opinion on an ETF for BTC Futures Contracts, since several reports from last week. A newer from New York Post even which such a product will go live in the USA. It states that Proshares and the New York stock exchange have both confirmed that the Bitcoin Futures ETF of the former tomorrow - October 19. Michael Sapir, CEO of Proshares - the issuer of the ETF - said: "This milestone will be remembered in 2021." He believes that investors who have so far kept away from the asset received "convenient access to Bitcoin in a shell with market integrity". The chairman of the sec, Gary Gensler, previously indicated that a Bitcoin futures ETF could be approved due to the increased investor protection. Proshares applied for his Bitcoin Strategy ETF at the beginning of the year. .