New Bitcoin-Linked Security To Premiere On Wall Street
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Bitcoin will take another step closer to mainstream investing on Tuesday with the launch of a new security on the New York Stock Exchange.
New York: Bitcoin will take another step closer to mainstream investing on Tuesday with the launch of a new security on the New York Stock Exchange.
ProShares, a leader in exchange traded funds, a type of investment linked to an index, will unveil the bitcoin futures-linked vehicle under the ticker "BITO," the company said on Monday.
The launch has been eagerly anticipated in the world of crypto-money, lifting bitcoin above $62,000 in recent days, a level not seen since April.
Rather than a direct investment in the digital currency, BITO will invest "primarily in bitcoin futures," ProShares said.
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