• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Bitcoin ETF Approved, Trading Tomorrow

18/10/2021 12:23
No comments

The bitcoin ETF has officially been approved to begin trading tomorrow after SEC did not reject it.

The ProShares Bitcoin Strategy ETF will start trading on the New York Stock Exchange on October 19th according to both the firm and the exchange, NY Times reports.

“2021 will be remembered for this milestone,” Michael Sapir, the C.E.O. of ProShares, is quoted as saying.

“This is an exciting step but not the last,” Douglas Yones, the N.Y.S.E.’s head of exchange traded products, is quoted as saying with Yones foreseeing a range of crypto-linked ETFs getting approval eventually.

The one listed tomorrow tracks bitcoin futures only, but there are numerous other filings pending approval by December, some of which include bitcoin spot ETFs.

Grayscale is also trying to convert into an ETF after years of serving accredited investors, with the ProShares ETF potentially being just the first step into the world’s biggest market.

“I think there is a lot of excitement for regulators finally allowing a bitcoin anything on to a national securities exchange,” says Grayscale CEO Michael Sonnenshein.

“The pending launch of bitcoin ETFs on futures is testament to quality of CFTC market regulation,” said Chris Giancarlo, the pro crypto regulator who greenlighted bitcoin futures on CME against “enormous resistance.”

That paved the way for the bitcoin ETF which should pave the way for a lot more products coming to the United States.

The ETF is already up on NYSE’s website, suggesting clearly that trading is imminent eight years on after the first application for a bitcoin ETF was filed.

Related Posts

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Apes

Cristiano Ronaldo Binances

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Bitcoin and other asset prices, June 2022

Bitcoin Drops Below $20,000

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo partners with Binance on NFTs

Cristiano Ronaldo Binances

Comments

Latest News

  • Lido Votes Against Limiting Staking
  • Defi Dapps DNS Attacked
  • Eminem Apes

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?