--- title: "Bitcoin Is Hitting The New York Stock Exchange Tomorrow" description: "The New York Stock Exchange is expected to start allowing traders to bet on Bitcoin, in a milestone for the world of cryptocurrency." date: "2021-10-18" modified: "2021-10-18" authors: - name: "Jon Christian" job_title: "Executive Editor" link: "https://futurism.com/authors/jonc" url: "https://futurism.com/the-byte/bitcoin-new-york-stock-exchange" categories: - "Bitcoin" - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "bitcoin" - "cryptocurrency" - "finance" - "the digest" --- # Bitcoin Is Hitting The New York Stock Exchange Tomorrow ![The New York Stock Exchange is expected to start allowing traders to bet on Bitcoin, in a milestone for the world of cryptocurrency.]() *\Image: Getty / Futurism\* ## Bitcoin Boom In what might be one of the most significant steps that cryptocurrency has taken toward the mainstream during its decade-long history, the New York Stock Exchange is expected to start allowing traders to bet on Bitcoin. "2021 will be remembered for this milestone," Michael Sapir, the CEO of ProShares, which will be running the fund, [told the *New York Times*](). He also took a dig at less-regulated crypto exchanges, telling the newspaper that investors want "convenient access to Bitcoin in a wrapper that has market integrity." ## Fine Print The fund won't let anyone trade Bitcoin directly, but it will provide a mechanism to bet the digital currency's futures, meaning it'll let investors essentially bet on what Bitcoin is going to do. That's a step toward mainstream adoption, and one with [fairly solid support from federal regulators](), but per the *NYT,* crypto die-hards are still holding out for a way to trade blockchain assets directly on the fabled New York Stock Exchange. ## Price Spike There is a certain irony in Bitcoin, the early ideology of which was [closely linked to]() providing a way to move money around without the big financial institutions connected to the 2008 financial collapse, become increasingly intertwined with those same institutions. But that doesn't mean much when investors have dollars signs in their eyes. In fact, Bitcoin's looming debut may on the Stock Exchange may explain its [spiking price in recent weeks](). What happens next, though, is anyone's guess. **READ MORE:** [Bitcoin Comes to the Big Board]() \[*The New York Times*\] **More on Bitcoin:** [*Harvard Professor: “In the Long Run, the Price of Bitcoin Will Collapse”*]() ## Author I'm responsible for editing, assigning, and scouting at Futurism, as well as occasionally writing for the site. That work involves keeping an eye on a wide range of narratives and issues, but over the past few years I've become increasingly interested in how AI is shaping the future of media, the web, and information itself. My day-to-day often involves collaborating on reporting and commentary projects bylined by my colleagues, but I try to find time to do my own reporting as well; stories I've broken for Futurism have been cited by publications including the New York Times, the Washington Post, the New Yorker, Wired, Ars Technica, New York Magazine, the Columbia Journalism Review, Bloomberg, and more. I grew up in Southern Vermont and attended Vanderbilt University. Prior to Futurism, I contributed to outlets including the Boston Globe, Vice, Wired, Slate, the Atlantic, the Outline, Ars Technica and more, and did stints in farming and food service. I currently live in Brooklyn, New York, and in my free time I enjoy pinball, word games, cycling, running, and music production. ### Author social links [Bluesky]()