ProShares follows Valkyrie in approval for listing Bitcoin Strategy ETF
The U.S. Securities and Exchange Commission has accepted the registration request for ProShares’ Bitcoin Strategy ETF, with the shares to be listed on the New York Stock Exchange’s Arca.
According to an Oct. 15 notice from the Securities and Exchange Commission, or SEC, the agency has accepted the registration of securities from ProShares Trust’s Bitcoin (BTC) Strategy exchange-traded fund, which offers exposure to the crypto asset with futures contracts. In addition, ProShares filed a post-effective amendment prospectus, which states its ETF could launch as early as Oct. 18.
The assets will be listed on the NYSE Arca should the SEC officially approve the application. Bloomberg analyst James Seyffart reported that ProShares Bitcoin Strategy ETF would be listed with the ticker symbol BITO with 95 basis points.
Related: Nasdaq listing hints that the SEC may soon approve ETF application from Valkyrie
The potential ProShares listing comes following the firm applying to withdraw its application for an Ethereum ETF with the SEC in August. At the time, ProShares said it had not sold any securities connected to the potential offering.
This story is developing and may be updated.