Bitcoin Hits 6-Month High as First Bitcoin Futures ETF ‘BITO’ Starts Trading

Posted on by American Coins & Gold

Bitcoin Hits 6-Month High as First Bitcoin Futures ETF ‘BITO’ Starts Trading
Bitcoin’s price surged Tuesday to a six-month high, climbing past $63,000 as ProShares’ much anticipated exchange-traded fund (ETF) began trading on the New York Stock Exchange (NYSE).The largest cryptocurrency has climbed 33% over the past month on expectations that the U.S. Securities and Exchange Commission (SEC) would approve the exchange-traded fund investing in futures contracts tied to the cryptocurrency.The ProShares Bitcoin Strategy ETF started trading at 9:30 a.m. ET as the bell rang to open the day’s session on the NYSE. The stock ticker is $BITO. The first of its kind, the ETF offers investors the opportunity to gain exposure…