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The first U.S. listed Bitcoin ETFs are likely to launch this week after an eight-year battle to win SEC approval.

The 75-day period during which the SEC could object expires at midnight

today. The ProShare's Bitcoin Strategy ETF will probably launch on Tuesday with the

ticker symbol BITO. And on Wednesday, the Investco Bitcoin Strategy ETF should also be allowed to launch, unless

they're blocked by the SEC at the last minute.

So let's discuss how these new funds differ from other crypto-etifs that the SEC has rejected

in the past, and what will you actually get if you buy one of these financial products?

Now, it's worth noting that these will not be the first crypto exchange traded products in the world,

just the first on US equity exchanges.

There are almost 50 similar products available worldwide,

even with some inverse payoffs which rise in value when a given cryptocurrency

falls and vice versa.

In total there's around $14 billion invested in this type of product worldwide right now,

but these will be the first US exchange listed products.

An ETF which stands for exchange traded fund is an asset that

trades on the open market like a stock and is available to regular investors. Some companies

like Grayscale have products that offer Bitcoin exposure to American investors already,

but they are only available to qualified wealthy

investors, and the shares often trade at a price that doesn't match the underlying cryptocurrency.

These ETS will be based on Bitcoin futures contracts rather than actual Bitcoin, and Gary Gensler,

the chairman of the SEC, has hinted that he's

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