Yesterday, there was an important development in the history of Bitcoin. For the first time, a Bitcoin-related exchange-traded fund (ETF) has been traded on US exchanges. The ProShares Strategy ETF was traded on the NYSE and attracted a lot of attention from the very first minutes.
The ETF, traded with the BITO code, reached a trading volume of $ 1 billion with more than 24 million trades in the first day.
BITO, which opened at $40.88, closed the day at $41.94.
BITO options, NYSE Arca Options and NYSE American Options are expected to begin trading on October 20 (today).
BITO made its mark among the top US stock markets with its first daily trading volume and the opening volume it reached in a short time.
The Bitcoin ETF traded $280 million in the first 20 minutes. This put him in the Top15 on the list of best openers ever.#Bitcoin
— Bitcoin System (@bitcoinsystem) October 19, 2021
Speaking to Bloomberg, Simeon Hyman, global investment strategist at ProShares, stated that the launch was successful and the ETF in question is a viable way to invest in Bitcoin.
“We’re going to let many people who expect an easy way to do this and a solid way to do it now get involved and have it in their portfolios.”
Showing volatile movements in the first minutes of BITO’s opening, Bitcoin rose to $ 64375 at night, approaching its peak by $ 500.
Bitcoin, which is currently trading at the $66,600 limit, has reached its much-anticipated new high today. You can access the BTC analysis from the link below:
*Not Investment Advice.