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The first Bitcoin ETF starts trading in the USA

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Bitcoin ETF

The first Bitcoin ETF starts trading in the USA

Bitcoin futures ETF from ProShares began trading on the New York Stock Exchange (NYSE).

The first ETF based on Bitcoin futures of the Chicago Mercantile Exchange (CME Group) began trading in the United States. Bitcoin Strategy ETF from ProShares is listed under the ticker BITO on the New York Stock Exchange.

At the start of trading, the bitcoin rate at the moment rose to $63.2 thousand, after which it began to decline. At the time of writing, the first cryptocurrency is trading at $61.8K.

In the first 20 minutes, the volume of trading in ProShares shares exceeded $280 million. A Bloomberg analyst reported that the instrument entered the top 15 ETFs by the most active starts in the first trading session.

Earlier, Grayscale Investments, in conjunction with the New York Stock Exchange (NYSE), filed an application with the US Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust into an exchange-traded fund (ETF). The Grayscale Bitcoin Trust functions similarly to ETFs in that it is secured and priced at bitcoin. It is not registered with the SEC, so only accredited investors have access to it.

Recall that in August 2021, the BitXmi crypto exchange launched the BXMI NFT Marketplace, where you can buy gold, silver, diamonds, and digital arts with zero fees.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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