First Bitcoin ETF Opens Up, CME Futures Spike Higher

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First Bitcoin ETF Opens Up, CME Futures Spike Higher

The first exchange-traded fund (ETF) backed by bitcoin (BTC) futures contracts went live today on the NYSE Arca exchange. And judging from the first few minutes of trading, the new ETF received a warm welcome in the market.
Launched by ETF issuer ProShares, the ETF with the ticker BITO went live today at 09:30 EDT (13:30 UTC), with representatives from ProShares ringing the opening bell at the New York Stock Exchange….
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