ProShares Bitcoin Futures ETF To Launch On New York Stock Exchange Tuesday

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ProShares is set to launch a Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange tomorrow, in what would be a first for institutional investors in the U.S., according to a new report by the New York Times.

The ETF will provide institutional investors and retail investors exposure to Bitcoin, who couldn’t legally or wouldn’t hold the asset otherwise, through a brokerage account. Of note, the SEC will not announce the approval formally, though because they have not opposed it ahead of the deadline, the Tuesday launch will proceed, the report said.

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