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AI in Cloud based Data Security ✌️【Flexible Work】✌️Invest ₹500 in our safe platform and start earning passive income every month.The ProShares Bitcoin Strategy Fund, which launched Tuesday on the New York Stock Exchange under the ticker BITO, had $20 million of seed capital at the start of the day.The fund also saw about $1 billion of trading volume on the first day, ProShares said.
AI in Cloud based Data Security ✌️【Flexible Work】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!That made it the second-most heavily traded new ETF on record, the firm said, citing Bloomberg.The fund’s price rose to $41.94 at the close of stock-market trading, up 4.9% from the initial $40 net asset value.Dave Nadig, chief investment officer and director of research of ETF Trends, said that much of Tuesday’s trading volume appeared to come from retail investors, since there were few large “block” trades of the size that big institutional traders often deal in.“This is probably going to be what we all expected, which is it’s an access vehicle for certain players in the marketplace,” Nadig said in a phone interview.
“There’s lots of folks who are active participants in the markets who just don’t want to cross over the crypto bridge by themselves.”The new ETF’s debut came as bitcoin’s price surged Tuesday to a six-month high, climbing toward the all-time high near $65,000 set in April.As of press time, the cryptocurrency was changing hands around $63,839, up 3.3% over the past 24 hours.Matt Hougan, chief investment officer of Bitwise Asset Management, said in emailed comments that the strong first-day showing “suggests there is a large amount of capital that is still excluded from the crypto market simply because it’s hard to access.”“That will change over time, and that capital will enter the market,” Hougan said.AI in Cloud based Data Security ✌️【Flexible Work】✌️Low-risk, high-reward investments starting from ₹500. Begin today!
