Bitcoin ETFs: How An Ancient Farmers' Custom Got SEC Approval For Crypto

Bitcoin ETFs: How An Ancient Farmers' Custom Got SEC Approval For Crypto

As investors awaited SEC approval for a Bitcoin ETF during the crypto heydays of 2021, they flocked to other alternatives. The ProShares Bitcoin Strategy ETF (BITO) saw $570 million in purchases when it debuted on Oct. 19, 2021. It was the first ETF that offered exposure to cryptocurrencies in the U.S. through Bitcoin futures. The timing was perfect as Bitcoin...