ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday: Report
ProShares will launch a bitcoin futures exchange-traded fund (ETF) tomorrow, the New York Times reported in its DealBook newsletter.The U.S. Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs on Friday.ProShares filed for its Bitcoin Strategy ETF this past summer. The fund is linked to bitcoin futures traded on the Chicago Mercantile Exchange.With the SEC mulling over dozens of bitcoin ETFs, Chair Gary Gensler has made it clear that funds linked to the futures market rather than the underlying asset are more likely to win regulatory approval.NYSE head of exchange-traded products Douglas Yones told DealBook, “This is an exciting step…