First Bitcoin Futures ETF In The US Starts Trading

First Bitcoin Futures ETF In The US Starts Trading
фото показано с : bitcoinmagazine.com

2021-10-20 17:56

The first ever bitcoin-based ETF in the United States has started trading this morning, amassing $250 million in 15 minutes.

First bitcoin ETF in the U.S. has gone live in the NYSE under the ticker BITO.The ProShares Bitcoin Strategy ETF invests in bitcoin futures instead of holding actual spot BTC.A second bitcoin futures ETF is set to start trading this week.

The ProShares Bitcoin Strategy ETF has started trading in the New York Stock Exchange (NYSE) Tuesday morning under the ticker symbol "BITO." The exchange-traded fund, the first in the U.S. to invest in futures contracts of bitcoin, has traded $250 million worth of shares in the first 15 minutes after going live.

BITO does not hold actual BTC, but invests in derivatives based on the cryptocurrency instead. The approval of a futures-based bitcoin ETF by the Securities and Exchange Commission (SEC) was made possible after the commission's chairman Gary Gensler said in September that such offerings would have the highest chance of approval compared to spot bitcoin ETFs.

"We should ensure to the best we can to bring projects into the investor protection perimeter," Gensler told CNBC today, commenting on the BITO listing. "Bitcoin futures have been overseen by sibling agency CFTC for 4 years. That's wrapped inside the 1940 Act which brings it inside investor protection."

ProShares was the first in line and received regulatory approval for listing, going live on October 19. A handful of other asset managers still stand in line awaiting approval of their offering, and a second bitcoin futures ETF could start trading as early as this week.

Valkyrie Funds will likely be the next to list on the expected date of Wednesday or Thursday, Bloomberg ETF analyst Eric Balchunas said. The asset manager sent Bloomberg a listing action for the Valkyrie Bitcoin Strategy ETF yesterday, but has since changed its ticker symbol to "BTFD" — an acronym well-known to Bitcoiners: buy the f* dip.

The ProShares bitcoin futures ETF has seen a huge inflow of capital since its launch. It traded $250 million worth of shares in the first 15 minutes, Balchunas said, taking it to the top 15 launches of all-time. In the first 30 minutes of trading, BITO traded over $320 million worth of shares.

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf trading amassing morning million minutes started

Источник: bitcoinmagazine.com

etf trading → Результатов: 126


Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative

Bank of America Merrill Lynch’s former head of exchange-traded products (ETF) will be leading the bank’s newly created digital assets initiative, including crypto strategies. Mark Donoghue was previously leading the ETP and SMA group at the firm but has been given a new role during the second quarter to serve as head of digital trading […] The post Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative first appeared on BitcoinExchangeGuide.

2021-8-7 17:03


Viridi Funds запустил ETF на акции майнинговых компаний

Управляющий активами Viridi Funds запустил на фондовой бирже NYSE Arca биржевой фонд (ETF) на акции зеленых майнинговых компаний и производителей оборудования для добычи криптовалют. Introducing $RIGZ – The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF$RIGZ is the world’s first ETF that primarily invests in companies involved in #bitcoin mining while utilizing a clean energy filter$RIGZ is now trading on the NYSEInfo: https://t.

2021-7-21 10:28


ETFs Are Having the Best Year Ever, While SEC Refuses to Give A Bitcoin ETF The Green Light

ETFs pulled in $488. 5 billion in less than 7 months of 2021 and are on track to break the $497 billion full-year record set in 2020. Meanwhile, in crypto, since 2013, not a single one has been approved by the US SEC, which says it wants to protect the investors when ETFs are what will ensure low fees, tax advantages, and relative ease of trading for them.

2021-7-20 19:20


Фото:

A Bitcoin ETF Won’t Be Coming Any Time Soon Despite Expectations. Former CFTC Boss Explains Why

A Bitcoin Exchange Traded Fund, which is a Bitcoin derivative product that allows people to bet on Bitcoin price without owning the underlying asset, is not to be expected any time soon. Instead, it would have to wait until Congress strengthens cryptocurrency regulation according to former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad. Meanwhile, […]

2021-7-10 17:51


Фото:

Wisebitcoin Launches Leveraged ETF Trading for Decentraland (MANA)

Wisebitcoin is pleased to announce the launch of two new leveraged ETF trading pairs for Decentraland. The two new ETFs were launched on June 15, 2021, and include the following: MANA3L/USDT (3x leverage long) MANA3S/USDT (3x leverage short) About Wisebitcoin ETFs Wisebitcoin’s leveraged ETFs – Exchange Traded Funds –are open to all traders. Leveraged products […]

2021-6-25 00:04


Фото:

Three Reasons Why The U.S Could Be Getting A Bitcoin ETF This Year

The Bitcoin trend has been gaining massive mainstream attention with some prominent personages coming out as proponents, advocating for more pronounced public adoption of the cryptocurrency. While a lot of people have added BTC to their portfolios, some investors, however attractive the bullish patterns of the asset have been, are skeptical about trading the currency […]

2021-4-13 00:19


Фото:

More Woes For XRP As MoneyGram Suspends Trading On Ripple’s Platform

The United States Securities and Exchange Commission has a long and complex history with the cryptocurrency industry. This has included the prosecution of fraudulent Initial Coin Offerings during the ICO boom a few years ago, the back and forth of the Bitcoin ETF, and the issues surrounding the introduction of crypto-related regulation. The latest of […]

2021-2-23 00:34


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru