First US bitcoin futures ETF at hand

Shifting mood: A representation of virtual currency bitcoin and US one dollar banknotes is seen in front of a stock graph in this illustration. Wall Street could see four futures-backed bitcoin ETFs begin trading on US exchanges this month. — Reuters

NEW YORK: Asset manager ProShares signalled plans to launch a bitcoin futures exchange-traded fund (ETF) as soon as today, an action that would end an eight-year wait for a security tracking the cryptocurrency on the US stock market, according to a filing.

The fund manager filed an updated prospectus late Friday with the Securities and Exchange Commission (SEC) for the Bitcoin Strategy ETF (ticker BITO).