First bitcoin futures ETF in the US expected this week

Team Luno
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  • The ProShares Bitcoin Strategy ETF is likely to be made available this week, the first of its kind in the US.”
  • The Securities and Exchange Commission (SEC) is not expected not to block the introduction.
  • Late on Friday, the NYSE Arca stock exchange confirmed the development, and certified “[BITO] is approved for listing.”
  • Crypto proponents have long been pushing regulators to approve Bitcoin ETFs, and the arrival is expected to bring a new class of investors into cryptocurrencies.
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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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