The Bitcoin exchange-traded fund (ETF) is a big deal \u2014 many believe that it can unlock the floodgates to large investments by institutional investors. The Winklevoss brothers first filed for a Bitcoin exchange-traded fund around eight years back, which was turned down by the Securities and Exchange Commission (SEC) in 2017, so this has been a long time coming.It\u2019s been a long road to approval for the Bitcoin ETF, in part due to concerns regarding price volatility and the potential for price manipulation in the unregulated ecosystem of cryptocurrencies. Additionally, the SEC was hesitant to permit an ETF based on the untested cryptocurrency market. However, the anticipation ended on October 19 when the ProShares Bitcoin Strategy ETF hit the New York Stock Exchange (NYSE).The ProShares Bitcoin Strategy ETF started trading on the NYSE under the ticker BITO. The first futures-based Bitcoin ETF, BITO debuted with the highest-ever first-day natural trading volume of $1 billion with a starting price of $40.88. According to TradingView, BITO closed the day at $41.94, with an increase of 4.8%.Exchange-traded funds (ETFs) are regulated financial products and can represent different types of assets, from individual commodities or stocks to the S&P 500. ETFs provide an alternative way to extract profits from the price trends of the underlying asset without actually owning it.ETFs can be purchased or sold just like regular stock or mutual fund, but unlike a mutual fund, they tend to have a lower cost to enter the market. Also unlike mutual funds, their price fluctuates throughout the day, while you can only buy or sell mutual funds at the market close price.Similarly, the Bitcoin ETF is a regulated financial product that represents the number one cryptocurrency, Bitcoin.While BITO is the first to market, we could see other crypto ETFs in the future. The Bitcoin\u2026<\/p>","protected":false},"excerpt":{"rendered":"
The Bitcoin exchange-traded fund (ETF) is a big deal \u2014 many believe that it can unlock the floodgates to large investments by institutional investors. The Winklevoss [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5624"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=5624"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=5624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=5624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=5624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}