A long-awaited Bitcoin futures exchange-traded fund (ETF) started trading on the New York Stock Exchange Tuesday, and it's a key moment in the ongoing rollout of cryptocurrency. The new ETF is called the ProShares Bitcoin Strategy ETF (BITO), and it joins a narrow field of funds that offer exposure to digital currency.
A long-awaited Bitcoin futures exchange-traded fund (ETF) started trading on the New York Stock Exchange Tuesday, and it's a key moment in the ongoing rollout of cryptocurrency. The new ETF is called the ProShares Bitcoin Strategy ETF (BITO), and it joins a narrow field of funds that offer exposure to digital currency.
Bitcoin is on the cusp of an all-time high, its latest rally fuelled by the launch of the first U.S. bitcoin futures exchange-traded fund that investors think could make the cryptocurrency accessible for swathes of new investors.