THE FIRST US BITCOIN-ETF DEBUTED ALMOST $1 BILLION ON THE EXCHANGE
The volume of trading in shares of the first American exchange-traded fund associated with bitcoins - Bitcoin Strategy ETF from ProShares on the day of the fund's launch - amounted to about $984 million. On it - by almost 4%. Bitcoin has risen in price above $ 64,000, almost reaching a record high in April ProShares, the first U.S. exchange-traded fund, Bitcoin Strategy ETF, rose in value during its trading debut on the New York Stock Exchange. ETFs under the ticker BITO gained more than 4.5% to $ 41.89 per share. BITO's trading volume on the day the fund was launched was about $ 984 million, CNBC reports. ETF (exchange traded fund) are investment funds that form portfolios of assets and issue their own shares, where each security is tied to a certain part of the fund's assets. ETFs allow you to purchase an asset without actually owning it. In the case of the Bitcoin Strategy ETF from ProShares, the fund is tied to bitcoin futures that have been traded on the Chicago Mer...