The US Securities and Exchange Commission has accepted ProShares' Bitcoin ETF registration application, with the shares listed on the New York Stock Exchange (ARCA).
According to an Oct. 15 notice from the SEC, the agency has accepted the listing of securities from the ProShare Trust's Bitcoin (BTC) exchange-traded fund. , which provides exposure to the asset of the stock exchanges using futures contracts.
In addition, according to Coin Telegraph, ProShares has submitted an amended prospectus after the effective date, which states that its ETF could go live on October 18.
The assets will be listed on the NYSE Arca, if the application is formally approved by the SEC.
Bloomberg analyst James Seifart reports that ProShares' Bitcoin Strategy ETF will be listed under the BITO symbol with 95 basis points.
ProShares' potential inclusion follows the company's request to withdraw its Ethereum Traded Fund (ETF) application that it submitted to the Securities and Exchange Commission in August.
At the time, ProShares said it had not sold any securities associated with the potential offer.
