Bitcoin hits $63,000! Early listings of US Bitcoin futures ETFs are selling out.

US commodity ETF firm ProShares announced on Tuesday that its strategic Bitcoin ETF (BITO) will list on the New York Stock Exchange on Tuesday (local). The move would end an eight-year wait for crypto-related security to hit U.S. commodity markets. At 9:33 p.m. Tuesday, market news reported that the ProShares Bitcoin Futures ETF began trading on the New York Stock Exchange, with Bitcoin up 1.56% above $63,000 apiece for the first time. since April 16. The ProShares Bitcoin ETF rose 3.5%.

The ProShares Bitcoin Strategy ETF (BITO), the first U.S. Bitcoin-linked exchange earnings, announced on Tuesday, announcing the second-highest first-day trading volume, marking a major sink in the cryptocurrency industry. .

According to Bloomberg Market Research firm Athanasios Psarofagis, more than 24 million ETFs traded nearly $1 billion on the first day of market volume, the second highest after BlackRock's carbon-neutral ETF. - Seed capital. At the same time, Bitcoin is on its way to an all-time high throwing around $65,000.

BITO options will also begin trading on US options trading platforms NYSE Arca Options and NYSE American Options on Wednesday, according to foreign reports.

Simeon Hyman, ProShares Global Marketing Manager, said:

“We are pleased to offer the first Bitcoin-indexed ETF that will give investors a meaningful opportunity to invest in Bitcoin through a traditional brokerage account, and many more are waiting for the easy way out and strong investors can now join. to your case."

Stéphane Ouellette, co-founder and CEO of FRNT Financial Inc. mentioned:

"After speaking with market participants, I saw the growing belief that the announcement of BITO, a trading platform-driven cryptocurrency marketplace, was a way for investors to join Bitcoin investments. , but it is true that ETFs are still writing demands."

Investors are still rushing to buy ETFs on Tuesday. BITO was one of the most valuable assets on the Fidelity platform that day, with more than 8,800 orders received by consumers as of 2:55 p.m. New York time.

Sam Bankman-Fried, CEO of FTX, one of the largest cryptocurrency exchanges, says:

“This week's bulls have been fantastic, especially when it comes to ETFs.”

Key Bitcoin bull market Tom Lee, co-founder of Fundstrat Global Advisors.inflow, said some analysts are positive about the prospects for BITO and the hype surrounding it, in the near future. According to Bitcoin ETFs worth around $50 billion in the first year. can love more.

SEC Chairman Gensler said on Tuesday that Bitcoin's future has benefited from many years of U.S. regulation and that Bitcoin remains a valuable asset.