Currency.com Conducted the Listing of Bitcoin-ETF BITO From ProShares

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The first Bitcoin ETF from ProShares under the ticker BITO started trading on the New York Stock Exchange, which is a landmark event for the cryptocurrency industry.

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Simultaneously with the start of trading on the NYSE exchange, the bitcoin ETF will be available in tokenized form on the cryptocurrency exchange Currency.com.

It is worth noting that the trading volume of BITO on the day of listing on the New York Stock Exchange amounted to about $1 billion, which is the second-largest in the history of ETF launches.

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ETF BITO from ProShares

The New York Stock Exchange (NYSE) has listed the first-ever Bitcoin ETF issued by ProShares. The launch of the ETF under the ticker BITO has been approved by the US Securities and Exchange Commission (SEC).

BITO is a futures ETF, the value of which is calculated from the closing prices of Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). When trading with this instrument, trading participants do not influence the spot value of Bitcoin, but only invest in the dynamics of its price.

Yet, Bitcoin ETFs are already in high demand and will continue to attract new entrants from the traditional market to the cryptocurrency market. The emergence of a regulated instrument on US exchanges in the long term will help the development of the industry and the adoption of cryptocurrencies in most countries of the world.

Listing BITO.cx on Currency.com

Simultaneously with the start of trading on the NYSE exchange, the Bitcoin ETF became available in tokenized form on the Currency.com cryptocurrency exchange. Since BITO.cx is less volatile and risky than Bitcoin, investors can use it to diversify their portfolios.

In addition, this tool allows investors to avoid the risks associated with fraud in the cryptocurrency market since trading a regulated asset on a regulated cryptocurrency exchange protects the investor’s capital as much as possible.

At Currency.com, investors are given the opportunity to buy Bitcoin ETFs, as well as try leveraged trading of various tokenized assets, of which there are more than 2 000 on the site: currencies, cryptocurrencies, stocks, bonds, indices, commodities, and ETFs.

About Currency.com

In 2020, Currency.com reported a 374% increase in its customer base. This has made the platform one of the fastest-growing cryptocurrency exchanges in Europe.

The activities of the cryptocurrency exchange Currency.com are regulated by the Decree of the President of the Republic of Belarus No. 8 “On the Development of the Digital Economy” and other acts of legislation of the Republic of Belarus. Currency Com Limited is DLT-licensed by the Gibraltar financial regulator. Currency Com US LLC is registered as MBS with FinCEN (USA) and FINTRAC (Canada).

You can learn more about the cryptocurrency platform on the official website

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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