First Bitcoin futures ETF generated a trade volume of $ 1 billion on the first day
First Bitcoin futures ETF generated a trade volume of $ 1 billion on the first day
In Bito, a volume of around $ 1 billion was traded, as more than 24 million shares changed hands on the first day. The debut of Proshares only ranked behind a Blackrock carbon fund on the first trading day.
according to Bloomberg Data climbed Bito by about 4.9% to $ 41.94 that day. Options on Bito will be traded on October 20 on the Bordsen Nyse Arca Options and Nyse American Options, added the report.
The highly expected Bitcoin Futures Fund was finally approved by the US Stock Exchange Supervisory Authority Securities and Exchange Commission at the end of last week and began to act on October 19 with an opening course of $ 40.88 on the New York stock exchange.
big day for Bitcoin funds
Stephane Ouellette, CEO and co-founder of the crypto-focused capital market platform Frnt Financial Inc. said that it was a very successful introduction, and added:
"Given the many options that private investors already have to participate in BTC, the US ETFs clearly satisfy a kind of latent, albeit niche issue."
In conversation with Bloomberg TV, Simeon Hyman said that a global investment strategist at Proshares said that the newly introduced investment product was a convenient way to invest in BTC via regular broker accounts. He added that "many people who have been waiting for a simple path and a robust way to do this will now enable them to participate and to have them in their portfolios."Bito Was one of the most bought assets on the Fidelity platform, with more than 8,800 purchase orders from customers before the completion of the trade yesterday.
The crypto billionaire and FTX CEO Sam Bankman-Fried said it was "an incredibly bullish week". Gold bug Peter Schiff could not resist his usual drop of bitterness
"My fear is that Bitcoin pumper will now use the approval to gain more buyers based on the supposed approval of Bitcoin by the government through the approval of the ETF."
analysts awaited , But Bitcoin prices actually came closer to their all-time high during the Asian trade session on Wednesday morning. At the time of the letter, BTC acted at around $ 63,500, only 1.3 % below this maximum price. Analysts expect Valkyrie Bitcoin Strategy ETF to be traded under the ticker BTFD this week, which may be carry to foamy swing at . . no volatility ... still
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