a hand holding a coin: Visual representation of bitcoin cryptocurrency

© Getty Images Visual representation of bitcoin cryptocurrency

The first Bitcoin future ETF in the U.S. is set to begin trading next week, an amended filing from ProShares said Friday.

The ProShares Bitcoin Strategy ETF had a proposed listing date for Monday under the ticker “BITO,” CNBC reported.

Although the proposed date is Monday, it might not be until further in the week when trading can begin.

The Securities and Exchange Commission (SEC) has not formally approved the bitcoin futures ETF. There might never be a formal approval, but it still is allowed to be traded.

The ETF will be allowed to be traded next week as long as there are no complaints from the regulator, a person familiar with the SEC decision told the outlet.

NYSE Arca certified “its approval for listing” on Friday with the price of Bitcoin rising the past week due to the anticipated approval.

The approval is a milestone for cryptocurrency as other companies have applied to launch their own ETFs.

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