At the end of last week, the SEC allowed the company to launch an exchange-traded fund.
In a document filed with the SEC,ProShares has announced that the new ETF will begin trading tomorrow, October 19.
ProShares applied for an ETF last summer.The fund is pegged to bitcoin futures, which are traded on the Chicago Mercantile Exchange.
News of the launch of exchange-traded funds pushed the price of BTC above $ 62,000. At the time of writing, Bitcoin is trading at around $ 60,500.
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Based on materialswww.coindesk.com
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