Wednesday, October 20, 2021

BITCOIN FUTURES ETF HAS RECORD DAY

The ProShares bitcoin futures ETF under the ticker $BITO hit the market for a significant moment in bitcoin’s history yesterday. It turned out not to be a “sell the news” type of event as the bitcoin price hovered around $64,000, right under the previous all-time high.

The fund traded $280 million worth of shares in the first 20 minutes, putting it in the top-15 opening-day launches of all time. The current level of volume traded for the entire day settled around $993 million.


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