is a hot topic in space . It's been an uphill battle for the Securities and Exchange Commission (SEC).) agreed to approve. The increased push for approval has been going on for several months as more and more organizations and companies enter the market. .

The United States Securities and Exchange Commission () has accepted a request for securities registration from Strategy of ProShares, whose shares will be listed on Arca on the New York Stock Exchange, according to an October 15 announcement.

Portfolio Swap Fund Bitcoin of ProShares Trust provides crypto-asset exposure to futures contracts. In addition, ProShares filed a revised prospectus after it went into effect, stating that their ETF could launch as early as October 18.

The source: SEC

Bitcoin Strategy ETF ready to list with BITO . token

The assets will be listed on the NYSE Arca, if the SEC formally approves the application. Bloomberg analyst James Seyffart reported that Bitcoin ProShares Strategy ETF will be listed with the symbol with 95 basis points.

Price of would be less than half of the 2% fee charged by Grayscale Investment's Bitcoin Trust (GBTC), which the company is trying to convert into an ETF. Grayscale CEOs have urged the SEC to allow it to convert at the same time that they approve ETFs that invest in Bitcoin futures, to maintain a “level playing field.” But now, the Bitcoin futures-based ETF appears to be just days away from launching.

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Những người theo dõi ngành công nghiệp đã dự đoán rằng ProShares có thể giành chiến thắng trong cuộc đua phê duyệt do nó là đề xuất đầu tiên được nộp theo Đạo luật Công ty Đầu tư năm 1940 – ngay trước Invesco và . Chủ tịch SEC Gary Gensler cho biết trong một diễn đàn ảo vào tháng 8 rằng Đạo luật 40 cung cấp “sự bảo vệ đáng kể cho nhà đầu tư.”

Now it seems unlikely that the SEC will approve all of the proposed Bitcoin futures-based ETFs at once.

Potential ProShares listing comes after company withdraws application ETF Ether in August. At the time, ProShares said it had not sold any securities related to the potential offering.

This positive signal helped push Bitcoin price above the $61,000 mark last night, the price is currently rallying over 6% and trading at $61,240 at press time.

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