04/21/2022
Bitcoin nears record high amid ETF debut. What is an ETF and can it convince the crypto world?
The first exchange-traded fund (ETF) linked to Bitcoin launched on the New York Stock Exchange on Tuesday. Experts say it is likely to drive investment into the cryptocurrency but it may be a hard sell for Bitcoin fans who want to cut out the middleman.
The hype lifted the price of Bitcoin to $63,998 (€54,000) on Wednesday, within a short jump of its record of $64,895.22, hit April 14 this year.
ProShares, a leader in exchange traded funds, a type of investment linked to an index, unveiled the Bitcoin futures-linked vehicle under the ticker "BITO," the company said Monday.
https://www.euronews.com/next/2021/10/19/first-bitcoin-linked-etf-has-launched-on-wall-street-what-is-it-and-is-the-crypto-world-re
What is an EFT and can it convince Bitcoin fans who want to cut out the middleman when it comes to trading?