• Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Sunday, January 29, 2023
All in One Crypto App
Advertisement
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
All in One Crypto App
Home Crypto News Bitcoin ETF

Bitcoin Futures ETF by ProShares Broke Many Records on First Day, Here’s Everything To Know

1 year ago
in Bitcoin ETF, Bitcoin Futures ETF, Bitcoin News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, CoinGape, Crypto News, LINKBCH, LINKBTC, LINKBUSD, LINKETH, LINKTRX, LINKTUSD, LINKUSD, LINKUSDC, LINKUSDT, LINKUSDTPERP, News
Reading Time: 3 mins read
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Bitcoin ETFBitcoin ETF

The first-ever Bitcoin Futures ETF by ProShares made its debut in the US on Tuesday on the New York Stock Exchange (NYSE) after months of speculations. The numbers and volumes that the $BITO ETF did on the first day surpassed many people’s expectations and created many new records. Let’s take a look at some of the mind-boggling numbers that $BITO put up on the first day of trade. Each $BITO share was priced at $40

Over $1 Billion in Trading Volume

The ProShares $BITO registered a trading volume of near $1 billion, making it the most successful ETF on debut. This goes on to prove what crypto proponents have been claiming all along, a US-based ETF would easily surpass the combined total of the rest of the Bitcoin ETFs trading around the world.

Bitcoin ETF

The first-ever Bitcoin ETF in Canada took weeks to reach $1 billion dollars in trading volume. This is primarily because the US ETF market is at least 7X larger than the rest of the world. Eric Balchunas, the prominent Bloomberg ETF analyst deemed the opening day of ProShares as the second-highest opening in the ETF market ever. He said,

“If we don’t exclude ETFs where their Day One volume was literally one pre-planned giant investor or BYOA (not natural), it still ranks #2 overall. Here’s that list. The reason some of these shouldn’t be included IMO is they don’t really represent grassroots interest.”
Bitcoin ETF

ProShares Bitcoin ETF Registered $550 Million in Asset Inflow

Apart from record trading volume on the first day which saw the $BITO ETF take the second spot in the ETF history, ProShares also revealed a massive $550 million in inflows on the first day. ProShares started with $20 million in seed fund and ended the day with $570 million in assets.

Bitcoin ETF
Source: ProShares

The opening day not only proved to be a great success for the first-ever Bitcoin ETF but also set a benchmark that could become quite difficult to get past. On the other Bitcoin ($BTC) price also flirted near ATHs as it closed the highest daily candle in history at $64,453 just about $400 short from ATH.

The post Bitcoin Futures ETF by ProShares Broke Many Records on First Day, Here’s Everything To Know appeared first on Coingape.

Source: Coingape

  • Website
  • Mobile app
  • Telegram Channel
  • Telegram Group
  • Twitter
  • Facebook
  • YouTube
  • Instagram
  • Binance Referral Link
  • Bitmex Referral Link
  • (Recommended For Leverage) ByBit Referral Link
  • Buy Ledger Nano at discounted price
  • Buy Cool Wallets at discounted price

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks

Share2Tweet1ShareSendShare
Bybit
Binance

Follow Us

Application Menu

  • Register / Login
  • App DashboardSignals
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
  • Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Contact Us: Telegram

© 2022 All In One Crypto App   DMCA.com Protection Status

No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • Features
  • Education
    • How to
    • Trading Tips

© 2022 All In One Crypto App   DMCA.com Protection Status