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Smash-hit Bitcoin ETF ups the ante for issuers racing to launch
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economictimes.indiatimes.comcryptocurrency universe got its long-awaited wish: Not one, but two U.S. Bitcoin-linked exchange-traded funds finally launched, bringing further mainstream acceptance and a flood of cash.
But after the stunning success of the ProShares Bitcoin Strategy ETF (ticker BITO) — which accumulated more than $1 billion in assets in just days — the stakes are higher than ever for the queue of issuers hoping to gain a foothold in the sector. Indeed, when the Valkyrie Bitcoin Strategy ETF (ticker BTF) debuted Friday, 3.1 million shares changed hands.
That compares with the 24 million BITO shares traded at Tuesday's launch, which unleashed enthusiasm that helped send Bitcoin to record a day later. Those could be worrying stats for the firms behind
. Read more on economictimes.indiatimes.comAbout this in other media
Australia Approves Long-Awaited Spot Bitcoin ETF investopedia.com /3 years ago
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NYSE Arca files with SEC to list Bitwise Bitcoin ETP Trust cointelegraph.com /3 years ago
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