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First Bitcoin Futures ETF Trades Nearly $1 Billion in One Day

First Bitcoin Futures ETF Trades Nearly $1 Billion in One Day



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  1. tldr; ProShares’ Bitcoin Strategy ETF launched today on Wall Street after receiving approval from the U.S. Securities and Exchange Commission. Investors traded $280 million-worth of shares in just the first 20 minutes. By the time the market closed on Tuesday, nearly $1 billion in shares changed hands.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. How does this compare to the broader market? Is this normal for stocks like $TSLA or $SPY? Or is this record breaking?

    EDIT: Read the article. It is not record breaking but close to it!

  3. But it’s not pegged directly to the price of BTC. Instead, this ETF is a futures one – investors are buying & selling shares that represent contracts betting on the price of Bitcoin.

What do you think?

Cryptopolitan

Futu and Tiger can’t search for Bitcoin ETF market data

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