[Last Week in Crypto] It's ETF Season!
Starting Tuesday, October 19, ProShares' Bitcoin Strategy ETF will be listed on the New York Stock Exchange. According to a notice released by the SEC on October 15, the agency has accepted the registration of ProShares Trust's Bitcoin exchange-traded fund that offers exposure to BTC through futures contracts. It will be listed with the ticker BITO with 95 basis points.
Also last week, it became clear that Valkyrie's Bitcoin Strategy ETF could soon join ProShares on the NYSE after the asset management firm filed an 8-A with the SEC on Friday. These listings are going to precede discussions surrounding the approval of physical Bitcoin ETFs - those with actual BTC as their underlying asset. There should be more clarity in the coming weeks or months.
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