SEC has accepted the registration request for ProShares’ Bitcoin Strategy ETF

According to an Oct. 15 notice from the United States Securities and Exchange Commission (SEC), the agency has accepted the registration request for ProShares’ Bitcoin Strategy ETF, with the shares to be listed on the New York Stock Exchange’s Arca.

Source: SEC

“A description of the shares of beneficial interest, no par value, of a series (the “Fund”) of ProShares Trust (the “Trust”), to be registered hereunder is set forth in Post-Effective Amendment No. 238 to the Trust’s Registration Statement under the Securities Act of 1933, as amended, and Amendment No. 247 to the Trust’s Registration Statement under the Investment Company Act of 1940, as amended, on Form N-1A (Commission File No. 333-89822; 811-21114), which description is incorporated herein by reference as filed with the Securities and Exchange Commission”, the SEC wrote.

ProShares filed a post-effective amendment prospectus, which states its ETF could launch as early as Oct. 18.

The assets will be listed on NYSE Arca, should the SEC officially approve the application. Bloomberg analyst James Seyffart reported that ProShares Bitcoin Strategy ETF would be listed with the ticker symbol BITO with 95 basis points.

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