The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.”
Proshares Bitcoin ETF Commands Serious Volume
Proshares Bitcoin Strategy exchange-traded fund (BITO) did well on its first day, as it closed the day at 4:00 p.m. (EDT) at $41.94 per unit. Meanwhile, the price of bitcoin (BTC) soared on Tuesday, tapping a high of $64,367 on the....
The ProShares Short Bitcoin ETF had been highly anticipated due to the success of short bitcoin ETFs in the past. A reasonable amount of inflows was expected to flow into the ETF but with less than one week in the game, the ETF had surpassed expectations for it. This growth coincided with a decline of […]
ProShares will release a new ETF allowing investors to short bitcoin during harsh market conditions enabling institutions to legally bet against the asset.
Data shows the ProShares Bitcoin ETF has reached a milestone number of assets under management (AUM), and has breathed fresh life into CME in the process. ProShares Bitcoin ETF AUM Sets New All-Time High Of 26.7k BTC As per the latest weekly report from Arcane Research, the ProShares BITO ETF has set a new all-time […]
The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day. Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF.In a Tuesday filing, ProShares applied with the SEC for an investment vehicle that would allow users to bet against Bitcoin (BTC) futures using an exchange-traded fund. According to the registration statement, the Short Bitcoin Strategy ETF will....