ProShares is set to launch a Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange tomorrow, in what can be a primary for institutional buyers within the U.S., in accordance to a brand new report by the New York Times.
The ETF will present institutional buyers and retail buyers publicity to Bitcoin, who couldn’t legally or wouldn’t maintain the asset in any other case, by way of a brokerage account. Of observe, the SEC won’t announce the approval formally, although as a result of they haven’t opposed it forward of the deadline, the Tuesday launch will proceed, the report mentioned.
