The first exchange-traded fund (ETF) backed by bitcoin (BTC) futures contracts went live today on the NYSE Arca exchange. And judging from the first few minutes of trading, the new ETF received a warm welcome in the market.
Launched by ETF issuer ProShares, the ETF with the ticker BITO went live today at 09:30 EDT (13:30 UTC), with representatives from ProShares ringing the opening bell at the New York Stock Exchange.... Read More: First Bitcoin ETF Opens Up, CME Futures Spike Higher