The first all-electronic exchange in the USA, NYSE Arca is owned by Intercontinental Exchange and currently trades more than 8,000 exchange-listed securities. On December 19 the records were published, stating that the Exchange proposes to list and trade the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF under NYSE Arca Rule.
It was stated that the value of the Bitcoin Futures Contracts will be based on the expected value of Bitcoin at a future point in time, specifically, the expiration date of such Bitcoin Futures Contracts. By being long Bitcoin Futures Contracts, the Fund seeks to benefit from daily increases in the price of the Bitcoin Futures Contracts.
According to the Registration Statement, the investment objective of the Fund is to seek results (before fees and expenses) that, both for a single day and over time, correspond to the performance of lead month Bitcoin futures contracts listed and traded on either Cboe or CME.
Notice of Filing of Proposed Rule Change to List and Trade the Shares