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First Bitcoin futures ETF rises 4% in trading debut on the NYSE

first bitcoin etf
  • October 22, 2021
  • Crypto, Insights, Uncategorized

Trading under the ticker BITO, ProShares Bitcoin Strategy ETF, the first U.S. bitcoin linked exchange-traded fund debuted on Tuesday. The ETF tracks CME bitcoin futures speculating on the future price of bitcoin. The bitcoin-linked ETF will “bolster the broader crypto market and help an entirely new investor class experience the benefits of bitcoin”. Bitcoin jumped to a new high above $66,000 after the launch of the ETF.

First bitcoin futures ETF rises 4% in trading debut on the NYSE

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