The first bitcoin-ETF from ProShares will start trading in the USA

The listing will take place on Tuesday, October 19, on NYSE under the BITO ticker

19.10.2021 - 14:30

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What's new? On Tuesday, October 19, the New York Stock Exchange (NYSE) will start trading an ETF based on bitcoin futures from ProShares. It will be listed under the BITO ticker.This is reported by The New York Times.

Material on the New York Times website

What is known about ETF? The fund will provide investors with access to cryptocurrency directly through a regular brokerage account without having to store virtual assets.

“This is an exciting step but not the last,” said Douglas Yones, the NYSE’s head of exchange traded products department.

He said that more cryptocurrency-related products would be approved in the near future.

What had happened before? As we mentioned on October 16, the US Securities and Exchange Commission (SEC) had approved ProShares' bid to launch the futures ETF. BITO stock trading was originally scheduled to begin on October 18, but it was subsequently announced that the ETF launching would be postponed until October 19.

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