The US SEC approved its first Bitcoin futures ETF, and it is now trading on the stock exchange.
$BITO now trading on the stock exchange
The ProShares Bitcoin futures ETF has started trading on the New York Stock Exchange. The fund started trading after the SEC approved it over the weekend. The Bitcoin futures ETF traded $280 million in its first 20 minutes after getting listed.
Top 15 opening day launches of all time.
— Bitcoin Magazine (@BitcoinMagazine) October 19, 2021
The ProShares Bitcoin futures ETF started trading on the NYSE a few hours ago. The ETF gives investors exposure to Bitcoin without holding the cryptocurrency directly via any ordinary brokerage account.
More Bitcoin futures ETFs could follow
The United States SEC is expected to approve a few more Bitcoin futures in the coming weeks and months. Valkyrie is preparing to launch its own bitcoin futures ETF and has chosen a ticker. Its ticker $BTFT reportedly stands for “buy the fucking dip,” a term that appeals to crypto fans and meme-stock traders.