Bitcoin-Futures ETF Has a Fine First Day. The Crypto Isn’t Doing So Bad Either.

The first day of the first U.S. Bitcoin futures exchange-traded fund is in the books. And the cryptocurrency industry can circle Oct. 19, 2021, as a milestone.

The ProShares Bitcoin Strategy ETF, trading under the ticker BITO, finished Tuesday’s regular session with healthy gains—4.9%.

The fund jumped more than 3% at the start of trading. Within just 20 minutes about 6.4 million shares of BITO worth around $264 million changed hands, according to data compiled by Bloomberg.

Source: https://www.barrons.com/articles/bitcoin-etf-proshares-bito-51634631544