Bitcoin Hits 6-Month Excessive as First Bitcoin Futures ETF ‘BITO’ Begins Buying and selling

 Bitcoin Hits 6-Month Excessive as First Bitcoin Futures ETF ‘BITO’ Begins Buying and selling



The ProShares ETF is structured to spend money on bitcoin futures contracts traded on the Chicago-based CME, slightly than investing within the cryptocurrency instantly. So the ETF by itself received’t introduce any new demand for bitcoin, however merchants would possibly purchase extra bitcoin as they appear to hedge towards the futures value or benefit from pricing disparities.



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