Cryptocurrency Analysis and News Portal
“Position limits are less of a concern as more ETFs enter the space, because there will be large holders of these contracts, and it will be harder for one entity to control the market,” Leah Wald, Valkyrie, CEO of Valkyrie Investments, said during an interview with CNBC on Thursday. Source
Read More
BITO is structured to invest in bitcoin futures contracts traded on the Chicago Mercantile Exchange, rather than investing in the cryptocurrency directly, which is one reason why some analysts don’t expect the fund to have a significant impact on BTC’s spot price. Source
Read More
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 4:02 p.m. ET, shortly after the close of U.S. stock markets on Monday, trading volume in the ProShares ETF (ticker $BITO)
Read More
The ProShares ETF is structured to invest in bitcoin futures contracts traded on the Chicago-based CME, rather than investing in the cryptocurrency directly. So the ETF by itself won’t introduce any new demand for bitcoin. However, traders might buy more bitcoin as they look to hedge against the futures price
Read More
Shares of the ProShares Bitcoin Strategy exchange-traded fund, the first bitcoin futures-related ETF to trade in the U.S., initially rose 3% when trading began and were lately up 1.6% to $40.63 in their debut on Tuesday on the New York Stock Exchange. Source
Read More