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High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs
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ambcrypto.comProShares Bitcoin Strategy ETF was listed with major excitement in the US as the first-ever crypto-ETF on 19 October. After its bumper listing, BITO recently experienced “25% turnover” in one day, as per Bloomberg’s senior analyst Eric Balchunas.
Balchunas noted that with trade volumes close to $400 million in one day, BITO entered the “top 2%” club in the entire ETF ecosystem.
Having said that, Valkyrie Investments, the second U.S issuer of a Bitcoin Futures ETF, also saw some good trading. The
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