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

0
18



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 or take advantage of pricing disparities.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here