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NYSEAMERICAN:BITO

33.89
2.40 (6.61%) 1d
0
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SUCCESSFUL DEBUT FOR THE BITCOIN ETF

Successful debut for the Bitcoin ETF The ProShares Bitcoin Strategy "BITO" made its debut on Tuesday on Wall Street (New York Stock Exchange). This Exchange Traded Fund (ETF) allows investors to acquire shares, which can be bought or sold at any time. At the end of the day, the stock had closed up 4.95% at $41.98. The volume of trades was over $1 billion, placing it second overall, behind the BlackRock US Carbon Transition Readiness ETF, with $1.16 billion.

Note that BITO tracks Bitcoin futures contracts instead of Bitcoin itself. There are two reasons for this. The first being that it was easier to clear the ETF with the SEC as actual bitcoin was not involved in the ETF. The second is the ability to reach a wider target audience as they did not want their customer to go through the hassle of creating Bitcoin wallets.

The arrival of this fund has allowed Bitcoin to break its record in recent days, with a new high reached at $67,000, followed by a sharp correction to $60,000 today.

E.T.F.'s
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ProShares Bitcoin Strategy ETF(BITO-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for ProShares Bitcoin Strategy ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

ProShares Bitcoin Strategy ETF(BITO-N) Frequently Asked Questions

What is ProShares Bitcoin Strategy ETF stock symbol?

ProShares Bitcoin Strategy ETF is a American stock, trading under the symbol BITO-N on the NYSE American (BITO). It is usually referred to as AMEX:BITO or BITO-N

Is ProShares Bitcoin Strategy ETF a buy or a sell?

In the last year, there was no coverage of ProShares Bitcoin Strategy ETF published on Stockchase.

Is ProShares Bitcoin Strategy ETF a good investment or a top pick?

ProShares Bitcoin Strategy ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for ProShares Bitcoin Strategy ETF.

Why is ProShares Bitcoin Strategy ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is ProShares Bitcoin Strategy ETF worth watching?

In the last year, there was no coverage of ProShares Bitcoin Strategy ETF published on Stockchase.

What is ProShares Bitcoin Strategy ETF stock price?

On 2021-12-03, ProShares Bitcoin Strategy ETF (BITO-N) stock closed at a price of $33.89.