ProShares’ Bitcoin futures exchange-traded fund (ETF) is exploding onto the market with the second-biggest ETF launch of all time.
Eric Balchunas, a senior ETF analyst at Bloomberg, says on Twitter that the ProShares Bitcoin Strategy ETF (BITO) had more than $993 million in total trading volume on its first day of availability.
Balchunas says that total is easily the biggest first day for an ETF in terms of natural volume, which excludes ETFs involving a pre-planned large investor or launched by companies that brought their own assets.
