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$1 Billion Daily Volume For Proshares Bitcoin Strategy ETF; Bitcoin Above $64,000
Oct 20, 2021(Last modified: Dec 19, 2023)
ProShares Bitcoin Strategy ETF (BITO), the first U.S. bitcoin-linked ETF, broke records on Tuesday after capturing around $1 billion in volume on its U.S launch. According to Eric Balchunas, the senior ETF analyst for Bloomberg, BITO, which closed the day with $41.94 per unit, “defied expectations”. BITO’s record pushed Bitcoin prices even higher. The cryptocurrency is trading above $64,000 today.
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