ProShares global investment strategist Simeon Hyman shares details on launching the first public Bitcoin futures ETF.
Bitcoin surged to a new all-time high on Wednesday trading above the $65,000 level one day after the launch of the first Bitcoin exchange-traded fund, Proshares Bitcoin Strategy ETF.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BITO | PROSHARES TRUST BITCOIN STRATEGY ETF | 43.67 | +1.78 | +4.26% |
The world’s largest cryptocurrency by market value hit $64,424.65 in tandem with the start of U.S. stock trading, as tracked by Coindesk.
Bitcoin Foundation Chairman Brock Pierce described the approval of the ETF as a “watershed” moment ushering in an “era where retail investors can invest directly into Bitcoin.”
Before Wednesday, the 52-week range has lofted between $64,888 and $11,905.
