The first Bitcoin (Bitcoin) US futures-linked exchange-traded funds began trading on the New York Stock Exchange with an opening price of US$40 Per share.
According to the New York Stock Exchange, ProShares’ Bitcoin Strategy ETF is the first exchange-traded fund that allows U.S. investors to directly access cryptocurrency futures. Open At a price of $40 BITO’s price per share rose by 3.8%, reaching $41.54 at the time of release. Before adding crypto funds to a major stock exchange, the U.S. Securities and Exchange Commission (SEC) was the regulator responsible for approving the asset, after many years of extension decisions.
-New York Stock Exchange (@NYSE) October 19, 2021
“BITO will open up Bitcoin exposure to most investors who have a brokerage account and are happy to buy stocks and ETFs, but don’t want to go through the hassle and learning curve of setting up another account at a cryptocurrency provider and creating a new account. Bitcoin wallets Or worry that these providers may be unregulated and face security risks,” ProShares CEO Michael Sapir said on Monday.
SFC first Accept registration request ProShares’ Bitcoin strategy ETF was listed on the New York Stock Exchange on Friday, and the same transaction was carried out on the stocks of digital asset management companies shortly thereafter. Valkyrie’s BTC futures ETF listed On the Nasdaq.Institutional asset management company Grayscale also announced plans on Monday Convert its GBTC trust to ETF In the future. The US Securities and Exchange Commission is currently considering several crypto ETF applications.
“The ProShares ETF will provide greater market access and ease of use for institutional investors who want to enter the cryptocurrency market,” said Mary Beth Buchanan, global chief legal officer of the blockchain investigation platform Merkle Science. “The latest futures-based ETF will be traded on the New York Stock Exchange, which is more familiar to institutional investors than opening a personal trading account and trading directly on spot or futures-based cryptocurrency exchanges or crypto trading platforms.”
According to the data from Cointelegraph Markets Pro, Bitcoin price rose after the opening of ProShares ETF trading, rising 1.2% from US$62,557 to a five-month high of US$63,293. This marks the first time since April that crypto assets have returned to more than $63,000. Set a record high at the time US$64,863.