Products such as the Bitcoin Futures ETF make it easier for investors to invest in crypto values via traditional exchanges
(Photo: Bloomberg)
New York, Frankfurt, Düsseldorf The crypto world is celebrating its next milestone. This Tuesday, the first so-called Exchange Traded Fund (ETF), an exchange-traded fund on Bitcoin futures, started trading in the USA. The provider ProShares was the first company to receive the green light from the responsible authorities for the exchange-traded fund. It bears the ticker BITO and is listed on the New York Stock Exchange.
The fast-growing crypto industry is celebrating this as an important signal for the merging of the traditional and the new financial world – even if the futures ETF is only one step on the way to the industry’s major goal of being able to offer Bitcoin ETFs, and little will change for investors in Germany. Because the products that are now coming onto the US market do not invest in Bitcoins themselves, but in futures contracts based on them.
Here are the most important answers to the ETF at a glance.
1. How does the Bitcoin Futures ETF work?
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Further