The first bitcoin-linked ETF is scheduled to make its NYSE debut officially on Tuesday morning.
The new ETF from ProShares, will track the bitcoin futures market and trade on the NYSE under the ticker “BITO.”
According to ProShares a multitude of investors have been eagerly awaiting the launch of a bitcoin-linked ETF after years of efforts to launch one, BITO will open up exposure to bitcoin to a large segment of investors who have a brokerage account and are comfortable buying stocks and ETFs, but do not desire to go through the hassle and learning curve of establishing another account with a cryptocurrency provider ... or are concerned that these providers may be unregulated and subject to security risks. In Todays video we discuss how these futures based ETF’s work, why they are different to a regular equity ETF, and why they are not expected to track the returns of Bitcoin as precisely as many investors might expect.
