BITO - First US Bitcoin Futures ETF Trading On NYSE: Key Things To Know
NDTV
In a landmark moment for cryptocurrency, the first-ever Bitcoin ETF in the US started trading at the NYSE in October.
The incredible rise of cryptocurrency, especially the interest in Bitcoin, is captivating. The cryptocurrency market has grown by leaps and bounds when most other investment destinations struggled. That sentiment gradually changed and investors showed courage in parking their money in investment tools. This allowed cryptocurrency to flourish. The next advance in this is coming in the form of cryptocurrency-linked exchange-traded funds, or ETFs, a type of security that tracks an index, sector, or commodity, but which can be purchased or sold on a stock exchange in the same way a regular stock can be.
In a landmark moment for cryptocurrency, the first-ever Bitcoin ETF in the US started trading at the New York Stock Exchange (NYSE) in October. The ProShares Bitcoin Strategy ETF goes by the ticker name of BITO.
Here are a few things to know about BITO:
– The bitcoin-linked ETF began trading on the NYSE ARCA exchange on October 19 this year.
