ProShares Bitcoin ETF (BITO)

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NetworkNewsWire Editorial Coverage   New York, NY – December 15, 2021 – Volatility is a part, a necessary one as it happens, of any market, especially emerging markets such as cryptocurrency. That said, big swings aren’t deterring people from investing in the new asset class by any stretch of the imagination. In fact, people are […]

In Tuesday morning trading, the ProShares Bitcoin Strategy ETF (NYSEBITO) made its debut, marking a monumental occasion in the developing story of cryptocurrency regulation. The fund, which tracks CME bitcoin futures, or contracts speculating on the future prices of bitcoin, rose by roughly 3% early in the session and continues to hold those gains at time of publishing.

In Tuesday morning trading, the ProShares Bitcoin Strategy ETF (NYSEBITO) made its debut, marking a monumental occasion in the developing story of cryptocurrency regulation. The fund, which tracks CME bitcoin futures, or contracts speculating on the future prices of bitcoin, rose by roughly 3% early in the session and continues to hold those gains at time of publishing.

ProShares, a premiere provider of ETFs, plans to launch the first bitcoin-linked ETF in the United States (NYSE Ticker: BITO) tomorrow, October 19, 2021. BITO’s launch will mark a milestone for ETFs.