The United States Securities and Exchange Commission has reportedly granted its regulatory approval for the registration request for ProShares’ Bitcoin Strategy ETF. 

Specifically, the freshly greenlit Bitcoin ETF will reportedly have its shares listed on the New York Stock Exchange’s Arca.

As disclosed via a notice issued by the US SEC on October 15th, the regulatory agency has given out the go-ahead for the registration of securities from ProShares Trust’s Bitcoin (BTC) exchange-traded fund – which aims to provide exposure to the crypto asset with futures contracts. 

Additionally, ProShares reportedly submitted a filing for a post-effective amendment prospectus, which will allow its ETF to be rolled out as early as Oct. 18.

The listing of the asset on NYSE Arca will reportedly be finalized, if the SEC grants official approval for the application. 

Bloomberg analyst James Seyffart reportedly shared that ProShares Bitcoin Strategy ETF would be listed with the ticker symbol BITO with 95 basis points.

The potential ProShares listing reportedly surfaced after the company submitted an application for withdrawing its application for an Ether (ETH) ETF with the SEC in August. 

At the time, ProShares reportedly revealed that it had failed to sell any securities associated with the potential offering.