ProShares Readies Bitcoin ETF for Launch – The Wall Street Journal

ProShares is ready to roll out the first U.S.-listed bitcoin exchange-traded fund.

The Bethesda, Md., firm filed paperwork Friday afternoon paving the way for the launch next week of its Bitcoin Strategy ETF. The fund, which will go by the ticker BITO, and will hold bitcoin futures contracts rather than the cryptocurrency itself, is expected to start trading Tuesday.