First bitcoin futures ETF in the US expected this week

  • The ProShares Bitcoin Strategy ETF is likely to be made available this week, the first of its kind in the US.”
  • The Securities and Exchange Commission (SEC) is not expected not to block the introduction.
  • Late on Friday, the NYSE Arca stock exchange confirmed the development, and certified “[BITO] is approved for listing.”
  • Crypto proponents have long been pushing regulators to approve Bitcoin ETFs, and the arrival is expected to bring a new class of investors into cryptocurrencies.
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