ProShares Bitcoin-Backed ETF Decision is Due Thursday

Richard B. Levin quoted in MarketWatch

By: Aaron Hankin

Not for the first time, bitcoin investors are holding their breath in the hope regulators will give the green light on a bitcoin-related exchange-traded fund.

On August 23, the Securities and Exchange Commission is scheduled to deliver its decision on yet another much-talked-about proposed bitcoin-linked ETF. This time it’s ProShares, which first filed an application in September 2017. According to a regulatory filing, the SEC designated August 23, 2018, as “the date by which the Commission shall either approve or disapprove the proposed rule change.”

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