Home Bitcoin News The first bitcoin ETF in the USA will start trading on the NYSE on October 19

The first bitcoin ETF in the USA will start trading on the NYSE on October 19

by admin

Crypto News

Reading time: ~2 m


The Bitcoin Strategy ETF exchange-traded fund from ProShares will be available to investors under the ticker BITO

The first bitcoin ETF in the USA will start trading

The first US exchange-traded fund (ETF) based on bitcoin futures of the Chicago Mercantile Exchange (CME Group) will begin trading on the New York Stock Exchange (NYSE) on October 19 under the ticker BITO, writes The New York Times. This was reported to the publication by ProShares, which is the issuer of the Bitcoin Strategy ETF.

ProShares CEO Michael Sapir said that 2021 will be remembered for the release of the first exchange-traded fund in the United States based on bitcoin futures. Sapir also noted that Bitcoin Strategy ETF is a good opportunity for investors to get access to bitcoin, without having to cooperate with cryptocurrency exchanges.

On October 16, it became known that the U.S. Securities and Exchange Commission (SEC) approved the country’s first exchange-traded fund based on bitcoin futures. This is indicated by the updated prospectus submitted by ProShares. The regulator had 75 days to reject the company’s application or extend its consideration, but it did not take advantage of this opportunity. Various companies have been trying to get SEC approval to launch Bitcoin ETFs since 2013.

After the news of the approval of the bitcoin ETF in the United States, the cost of the first cryptocurrency for the first time in six months approached $ 63 thousand. As of October 18, 14:40 Moscow time, bitcoin is trading at $60.8 thousand.




#bitcoin #ETF #USA #start #trading #NYSE #October

Related Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.