NYSE files to bring Bitcoin ETF closer to reality

The New York Stock Exchange (NYSE) has become the latest to present a proposal related to ETF bitcoin to SEC. NYSE has planned to launch a fund to track bitcoin futures. Promoters Bitcoin ETF and Proshars Short Bitcoin ETF will be two exchange traded funds which will allow traders to rely on the performance of volatile cryptocurrency futures.
These funds will closely monitor the activities of current Futures market running from CME and CBOE. From there, the fund will invest its property in future contracts, with the option to invest in contracts outside the benchmark. NYSE said shortly that the fund would not actually be the owner of the bitcoins, just to stop a shy step from a true bitcoin ETF

Add more validity
ETF has been filed several times earlier, and every time he has been arrested at the SEC's door. However, after failing in these efforts a lot of things have happened, and the fact that the futures have been started, and this popular digital currency has reached a new level of acceptance, this means that this time may be Bitcoin ETF for If NYSE has successfully launched its futures trading ETF, then more validity will be added in the irregular and highly volatile asset. This can lead to another increase in the currency, such as in the case of the launch of bitcoin futures.

source https://cointelegraph.com/news/nyse-files-to-bring-bitcoin-etf-closer-to-reality