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First Bitcoin ETF Begins Trading
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investopedia.comEight years after the first application for a Bitcoin exchange-traded fund (ETF) was filed by the Winklevoss brothers, the first Bitcoin ETF in the United States will begin trading at the New York Stock Exchange (NYSE). ProShares—a provider of specialized exchange-traded products based in Bethesda, Maryland—filed an application Friday to begin trading of the Bitcoin Strategy Fund Oct. 19, 2021. The fund, which will trade under the ticker BITO, will track Bitcoin (BTCUSD) prices through futures contracts traded at the Chicago Mercantile Exchange (CME).
Michael Sapir, CEO of ProShares, emphasized that the launch of the ETF constitutes a milestone. «1993 is remembered for the first equity ETF, 2002 for the first bond ETF, and 2004 for the
Read more on investopedia.comAbout this in other media
‘Exiting Times’ as Australian Managers Ready ‘Inevitable’ Bitcoin ETF Offerings cryptonews.com /3 years ago
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Argentina: First Bitcoin-indexed ETF makes debut this week ambcrypto.com /3 years ago
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