• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • WFIS, Philippines (September 23-24, 2025)
    • Fintech Revolution Summit, Vietnam (September 24, 2025)
    • CoinFerenceX, Singapore (September 29-30, 2025)
    • ChainUp, Singapore (September 30, 2025)
    • TOKEN2049, Singapore (October 1-2, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • HODL, Dubai (October 30-31, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • Fintech Revolution Summit, Saudi Arabia (November 3, 2025)
    • Mining Disrupt, Dallas (November 11-13, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
    • Digital Assets Forum, London (February 5-6, 2026)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
Visit European Blockchain Convention, Barcelona on October 16-17, 2025
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

The first U.S. bitcoin ETF begins trading

October 20, 2021 By Crypto Reporter

The first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading on Tuesday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could boost investment flows into cryptocurrencies.

ProShares, the firm behind the first U.S. bitcoin futures-based exchange-traded fund has high hopes for its new product.

The ProShares Bitcoin Strategy ETF closed up as much as 3% in its first day of trading, with around $1 billion worth of trading volume on NYSE Arca exchange under the ticker BITO.

“The ETF approval is a watershed moment for the industry,” Bitcoin Foundation chairman Brock Pierce said in a statement to CNN Business. “This moment is long-awaited, as numerous entrepreneurs and firms have sought approval from regulators since as early as 2013.”

“Today begins an era where retail investors can invest directly into Bitcoin through the ETF, and serves as further validation of Bitcoin and cryptocurrencies across the country and on a global basis,” Pierce added.

Bitcoin bulls argue that having an ETF will make it easier for average investors to take part in the crypto market, without having to mine bitcoin themselves.

“We believe a multitude of investors have been eagerly awaiting the launch of a bitcoin-linked ETF after years of efforts to launch one,” ProShares CEO Michael Sapir said in a statement Monday. “BITO will open up exposure to bitcoin to a large segment of investors who have a brokerage account and are comfortable buying stocks and ETFs, but do not desire to go through the hassle and learning curve of establishing another account with a cryptocurrency provider.”

Several other ETF providers are likely to launch their bitcoin futures ETFs in the days following ProShares’ debut including Invesco, VanEck, Valkyrie and Galaxy Digital.

Filed Under: General News, News Tagged With: bitcoin, cryptocurrency, ETF, ProShares

Primary Sidebar

Follow Us

Press Releases

Solana Rises 8.7% in a Week, BNB Flirts With $1,000, and XRP Climbs Past $3—Analysts Predict Ozak AI From $0.012 to $1 May Outperform Them All

September 19, 2025

Top Presales for September 2025: These 3 Crypto Presale Are Set to Survive And Pump in this Bull Run

September 19, 2025

Cardano’s (ADA) $5 Target in Doubt as Bigger Whale Attention Shifts to This $0.035 DeFi Crypto

September 19, 2025

Best Crypto Presale 2025? Nexchain Presale Gains Momentum While BlockchainFx and Remittix Stagnate

September 19, 2025

Hyperliquid Price Prediction: HYPE Targets $70 While Whales Quietly Accumulate a Presale From Best Cryptos For High ROIs

September 19, 2025

TOKEN2049

Forex Expo Dubai

Merge Madrid

HODL

Futurist Conference

Digital Asset Forum

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter