In short, you’re free to’t buy Bitcoin from your stockbroker yet.
Does buying a share of the ETF mean I’m buying Bitcoin?
You’re buying a share of an exchange-traded fund, which is a fund that tracks another asset.
“The SEC isn’t ready yet to approve an exchange-traded ETF that holds actual Bitcoins.”
Can I buy a share of the ETF today – and how much does it cost?
ProShares said that investors will be able to buy shares of ProShares Bitcoin Strategy ETF starting Tuesday.
Is cryptocurrency coming to Wall Street?
“The entire global economy is moving towards decentralization.
Is the SEC changing its stance toward cryptocurrency regulation?
The SEC has signaled its wariness of cryptocurrency.
Earlier this year, Coinbase’s crypto-lending program, Lend, was scrapped after the SECthreatened to sue.
The launch of ProShares’s ETF could mark a turning point in how the SEC approaches regulating crypto-related securities.
Read next:China’s cryptocurrency ban: What it means for Bitcoin, Coinbase and the US
