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HomeLifestyleEntertainmentFirst Bitcoin Futures ETF Begins Trading on NYSE: What Is It and...

First Bitcoin Futures ETF Begins Trading on NYSE: What Is It and Should You Buy?

The primary U.S. Bitcoin futures exchange-traded fund, or ETF, starts buying and selling at the New York Inventory Change on Tuesday. The ETF, traded below the ticker BITO, is introduced through ProShares, a supplier of specialised exchange-traded merchandise primarily based in Bethesda, Maryland.
An ETF is a publicly-traded funding product that tracks the cost of a number of underlying belongings. In ProShares’ case, the underlying asset is Bitcoin futures, fairly than Bitcoin itself. The ETF tracks the cost of Bitcoin futures traded at the Chicago Mercantile Change.

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