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ETF based on Bitcoin futures contracts in the US is expected to start trading next week – Breaking News

ProShares has submitted an updated prospectus for its Bitcoin Strategy ETF to the US Securities and Exchange Commission (SEC).

This prospectus stated October 18 as the expected launch date for the fund, which is listed on the New York Stock Exchange’s Arca index.

It was pointed out that the Bitcoin Strategy ETF from ProShares is traded with the code “BITO”.

The SEC has not yet issued an official statement on the approval of the Bitcoin futures contracts ETF.

However, in the news of the US broadcaster Bloomberg, citing sources close to the topic, it was reported that the SEC will enable the first Bitcoin futures ETF to trade.

Bitcoin’s value rose to $ 62,000 for the first time since April on Friday after it was revealed that the SEC would allow ETFs based on Bitcoin futures contracts and ProShares submitted its prospectus to the SEC.

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