10/15/2021, 11:19 PM (Source: TeleTrader)
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SEC approves 1st US crypto ETF for ProShares - report

The United States Securities and Exchange Commission (SEC) has given the green light to the country's first Bitcoin futures exchange-traded fund (ETF), CoinDesk reported on Friday.

The fund was issued by ProShares, which filed the application during the summer, the report explained.

The ETF will track Bitcoin futures contracts, instead of the cryptocurrency itself, and is likely to launch on October 18, the outlet claimed.

Baha Breaking the News (BBN) / BU