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US Bitcoin ETF favors Australian approval, but Aussies need to go further
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On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin (BTC) itself would reach a new all-time high for its price in U.S. dollars. This comes a week after the U.S. Securities and Exchange Commission allowed the ETF’s application to expire, which effectively gave the okay for the product to move ahead.
This marks a significant step for the United States, but has also sent ripples into other markets globally. If BITO continues to be as well received as its first day would imply, then it is likely more and more will want to follow suit. The ETF offers exposure to
Read more on cointelegraph.comAbout this in other media
Fidelity's spot bitcoin ETF is set to start trading in Canada, while its US fund is still waiting for the SEC's green light markets.businessinsider.com /3 years ago
Grayscale vs. SEC, Fidelity's Bitcoin ETF, Investments in Metaverse, NFTs + More News cryptonews.com /3 years ago
Fidelity reportedly launching spot Bitcoin ETF in Canada cointelegraph.com /3 years ago
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