The latest bitcoin ETF news follows a move from the New York Stock Exchange that it is looking to enter the race for a bitcoin ETF. A recent filing indicates that NYSE Arca is looking to list two ProShares ETFs tracking bitcoin futures – a long product and an inverse fund.
“Public records dated Dec. 19 show that the company wants to list two ETFs – the ProShares Bitcoin ETF and the ProShares Short ETF – that were originally proposed in September. According to the document, NYSE Arca, which is owned by Intercontinental Exchange (ICE), submitted the proposed rule change on Dec. 4,” reports CoinDesk.
It’s been a wild ride for the price of Bitcoin this week after rallying to a record high above $19,800 on Sunday.
However, bitcoin dropped 30.2 percent Friday morning to a low of $10,400 on Coinbase, according to CNBC, but had recovered above $14,600 by Friday afternoon, off 27 percent from the all-time high.
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