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Bitcoin Futures ETF to Start Testing Market on Tuesday Amid Pullback Talks
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The first bitcoin (BTC) futures exchange-traded fund (ETF) to be approved by regulators in the US is said to start trading this week. And although it is only backed by “paper bitcoins” in the form of futures contracts, the ETF is still expected to serve a purpose in the market. Meanwhile, a pullback is now expected after strong BTC rally this month.
Out of the many ETF providers that have filed proposals with the US Securities and Exchange Commission (SEC), the ProShares ETF with the ticker BITO should be the first one to launch as it is said to begin trading on the NYSE Arca exchange when markets open in the US on Tuesday.
And with ETF trading set to commence, traders are not only asking themselves how the ETF will impact the spot price of
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