TradeStation Group Inc. plans to support trading in two proposed bitcoin exchange-traded funds, pending federal regulatory approval of such listing.
On Dec. 4, NYSE Arca Inc. submitted a proposed rule change to the U.S. Securities and Exchange Commission that would allow it to list two ETFs, the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. The proposed ETFs would track the XBT contract from Cboe Global Markets Inc. traded on its Cboe Futures Exchange or the BTC contract offered by CME Group Inc. and any other available U.S. exchange-listed Bitcoin futures contracts. TradeStation has offered its qualified customers the ability to trade the Cboe Futures Exchange and CME bitcoin futures contracts since their first sessions.
If approved, the ProShares bitcoin ETFs would offer equities account holders the ability to gain long or short exposure to the price of bitcoin on a major U.S. exchange.