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ProShares Bitcoin Futures ETF to go live on the New York Stock Exchange on Tuesday

TokenInsight is reporting that the ProShares Bitcoin Futures ETF will go live on the New York Stock Exchange NYSE on Tuesday, according to The New York Times. The news comes on the heels of the SEC's first approval of a bitcoin futures ETF on Friday, and it is reported that the Bitcoin Strategy ETF, which was filed by ProShares this summer, will launch trading this week and will be based on bitcoin futures contracts rather than bitcoin spot, with a 0.95% management fee, and will trade on the NYSE Arca exchange under the symbol BITO.
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