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Beyond the hype: A quick guide to investing in a Bitcoin Futures ETF
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It is a monumental day for the digital asset industry as the first Bitcoin ETF made its entrance on Wall Street. Over the past 24-hours, ProShares’ Bitcoin ETF first started trading on New York Stock Exchange, and the traffic has been incredible.
After diving further into those facts, we will discuss the functionality of this new BTC traded fund and explain why investors should not lose themselves in the hype surrounding this new investment product.
That the ProShares Bitcoin Futures ETF is off to a flying start, is a major understatement. Within the first hour of trading, $BITO (ticker name for the ETF) had registered $280 million in trading volumes.
By the end of the trading window, $BITO had witnessed $570 million in capital inflows as
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