Bitcoin Futures ETF is live and generates a volume of around $ 500 million in its first trading lesson

Bitcoin Futures ETF is live and generates a volume of around $ 500 million in its first trading lesson

The moment that many people have been waiting for in the cryptocurrency community for some time has finally been there. The Proshares Bitcoin Strategy ETF is live and is traded on the New York stock exchange.

The moment that many have been waiting for is there and the future-backed ETF from Proshares Bitcoin Strategy with the Häkchen Bito is now live and is traded on the New York Stock Exchange (NYSE). The data show that the daily range between $ 40.07 as a low and $ 42,1499 is as a maximum, with the ETF currently trading at around $ 41.22. Interestingly, the ETF generated a trading volume of around 11.6 million shares in just one hour after its launch. This means that the volume in dollar values ​​is already around $ 500 million. For comparison: With the Vanguard S&P 500 ETF (Voo), one of the most popular ETFs, around 883,000 stocks worth $ 411 each were traded in the same period (at the time of this letter. This corresponds to about $ 360). It is also worth noting that Bito is a futures-Backed ETF and not a spot-based, which is a significant difference. It is an important milestone in the cryptocurrency industry and one that legitimizes Bitcoin as an investment. target = "_ blank" href = "https://cryptopotato.com/first-bitcoin-futures-etf-comes-today-btc-price-volatility-expected/" Data-Wpel-Link = "internal">, it is important to remain vigilant, because in view of the importance of the event in the coming hours Perhaps days of volatility can be expected. .