The SEC may not have formally approved the Proshares Bitcoin Strategy ETF for launch, but that also means they have NOT disaproved it. This means come 18 October 2021, Proshares Bitcoin Strategy ETF will quietly launch under the ticker BITO. This is a long awaited US debut for Bitcoin ETFs, and although this is a Bitcoin futures ETF, as opposed to a spot BTC ETF, and is settled in cash, it’s still a great move to mass adoption globally. This also paves the way for future ETFs to be approved, as there are more than 10 submissions waiting for results. It is not exactly sure when the ETF will begin trading, although at this point in time, it is all but certain. What is an ETF? An ETF, or Exchange Traded Fund, is a security that tracks a commodity,...