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Bitcoin Hits 6-Month High as First US Bitcoin Futures ETF ‘BITO’ Starts Trading on NYSE

Bitcoin’s price surged Tuesday to a six-month high, climbing past $63,000 as ProShares’ much-anticipated, futures-focused exchange-traded fund (ETF) began trading on the New York Stock Exchange (NYSE). Anthony Saccaro, President and CEO of Providence Financial and Insurance Services, discusses his advice for clients looking to get bitcoin exposure and invest in bitcoin futures ETFs.

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Videos

ProShares Bitcoin Futures ETF ‘BITO’ Rises 3% in Public Debut on NYSE

The ProShares Bitcoin Strategy ETF has charted the first bitcoin futures ETF in the U.S. under ticker symbol "BITO" on the New York Stock Exchange (NYSE). Trading volumes appear strong, with at least 1.5 million ETF shares changing hands in the first couple of hours. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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ProShares Exec on Launching First US Bitcoin Futures ETF on NYSE

Simeon Hyman, Global Investment Strategist at ProShares, shares insights into the ProShares Bitcoin Strategy ETF (BITO), the first bitcoin futures-related ETF to trade in the U.S., officially debuting Tuesday on the New York Stock Exchange. Plus, what sets BITO apart from its competitors as other bitcoin futures ETFs are expected to receive SEC decisions soon.

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ProShares Launches First U.S. Bitcoin Futures ETF 'BITO' on NYSE Today

The first U.S. bitcoin futures ETF, ProShares Bitcoin Strategy ETF, starts trading under the ticker "BITO" on the New York Stock Exchange (NYSE) today. Preston Byrne, partner at Anderson Kill, discusses the potential impact of this historic exchange-traded fund on bitcoin and the crypto community, his views on spot ETFs, regulation and more. Plus, insights into "decentralization theater" and reactions to New York Attorney General Letitia James cracking down on two crypto lending platforms.

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Finance

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday

The SEC has given the go-ahead for bitcoin futures ETFs.

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Markets

Fear Is Good (For Your Wallet)

Dismissing negative signals as nothing but FUD is a great way to lose money.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

Finance

Furniture Retailer Ethan Allen, Tired of Its Search Traffic Going Into the Ether, Changes Stock Ticker

Ethan Allen’s stock prices soared earlier this year as traders confused its ticker for the symbol for ether.

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Videos

Coinbase Buys Skew; NYSE Owner ICE Sells COIN Stake for $1.2B

ICE, the New York Stock Exchange parent company, has cashed out of its Coinbase stake for a whopping $1.2 billion. “The Hash” panel discusses the various reasons behind the move. Plus, a discussion of Coinbase’s purchase of Skew, a crypto data analytics firm.

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Finance

NYSE-Owner ICE Sold Coinbase Stake for $1.2B

The NYSE participated in Coinbase’s Series C $75 million funding round in January 2015.

New York Stock Exchange

Videos

New York Stock Exchange Apparently Has an NFT Strategy

The NYSE has minted a batch of “first trade” non-fungible tokens (NFTs), but they’re not for sale. “The Hash” panel weighs in on Wall Street NFTs.

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