|
Getting your Trinity Audio player ready...
|
The first-ever bitcoin futures ETF launched yesterday, offering a new way for investors to jump on the bitcoin train.
The ProShares Bitcoin Strategy ETF (BITO) jumped 3% when trading began Tuesday, and it continued to do well throughout the day.
Investors were hoping for a fund that tracks physical bitcoin, but the Proshares Bitcoin ETF website states: “The fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. The fund does not invest directly in bitcoin.”
