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

J_News by J_News
October 19, 2021
in Crypto, Top News
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Bitcoin Hits 6-Month High as First Bitcoin Futures ETF ‘BITO’ Starts Trading
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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.



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