Grayscale's appeal of the SEC's decision to deny their application for a Bitcoin ETF has been upheld. The industry is considering it a win.
There are currently no active bitcoin ETF proposals in front of the SEC with VanEck, SolidX and Cboe BZX Exchange withdrawing...
Investors will be able to gain exposure to bitcoin through the fund, without direct exposure to the volatile currency that traded over $62,000 over the weekend alongside this and other pro-crypto news. On Tuesday morning, the ProShares ETF went live under the ticker BITO at around $40.