First Bitcoin Futures ETF ‘BITO’ Tops $1B Trading Volume on First Day

Posted on by American Coins & Gold

First Bitcoin Futures ETF ‘BITO’ Tops B Trading Volume on First Day
The ProShares Bitcoin Strategy exchange-traded fund’s trading volume topped $1 billion on its first day, ranking the investment vehicle as one of the top ETF launches in history.As of 4:27 p.m. ET, after the close of U.S. stock markets on Tuesday, trading volume in the ProShares ETF (ticker $BITO) had reached 24.1 million shares, worth more than $1 billion based on the closing price.The $BITO price rose to $41.94 at the close, up 4.9% from the initial $40 net asset value.Based on first-day trading volume, the launch would rank the new ETF as one of the top two or three…