{"id":51471,"date":"2021-10-20T10:24:14","date_gmt":"2021-10-20T07:24:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51471"},"modified":"2025-09-02T23:53:58","modified_gmt":"2025-09-02T20:53:58","slug":"proshares-bitcoin-futures-etf-posts-the-second-most-active-debut","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/proshares-bitcoin-futures-etf-posts-the-second-most-active-debut\/","title":{"rendered":"ProShares&#8217; Bitcoin futures ETF posts the second-most active debut"},"content":{"rendered":"<p>Trading turnover of the <span data-descr=\\\"exchange-traded fund\\\" class=\\\"old_tooltip\\\">ETF<\/span> based on bitcoin futures from ProShares (BITO) on the <span data-descr=\\\"New York Stock Exchange\\\" class=\\\"old_tooltip\\\">NYSE<\/span> on its first trading day amounted to 24.42 million shares, nearly reaching $1 billion. By this metric the instrument ranked second among all exchange-traded funds, Bloomberg reports.<\/p>\n<p>Only the BlackRock product based on green-energy company equities (BlackRock U.S. Carbon Transition Readiness ETF) posted a higher figure, at $1.16 billion.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"842\\\" height=\\\"327\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-573.png\\\" alt=\\\"ProShares' Bitcoin futures ETF shows the second-most active debut\\\" class=\\\"wp-image-153425\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-573.png 842w, https:\/\/u1f987.com\/wp-content\/uploads\/1-573-300x117.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-573-768x298.png 768w\\\" sizes=\\\"auto, (max-width: 842px) 100vw, 842px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/twitter.com\/EricBalchunas\/status\/1450558778877911050\/photo\/1\\\">Bloomberg<\/a>.<\/figcaption><\/figure>\n<\/div>\n<p>After the session, BITO rose 4.9% to $41.94 as Bitcoin rose to <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-nears-all-time-high-above-64000\">$64,000<\/a>.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/www.tradingview.com\/x\/VV40Zt2o\/\\\" alt=\\\"Five-minute BITO chart on the NYSE. Data: TradingView.\\\"\/><figcaption>Five-minute BITO chart on the NYSE. Data: <a href=\\\"https:\/\/www.tradingview.com\/x\/VV40Zt2o\/\\\">TradingView<\/a>.<br \/><\/figcaption><\/figure>\n<\/div>\n<p>On October 20, options on BITO will begin trading on NYSE Arca Options and NYSE American Options.<\/p>\n<p>Net buying of CME-traded futures totaled $550 million.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Showing up on their site now too: <a href=\\\"https:\/\/t.co\/dNK7GOkbrv\\\">https:\/\/t.co\/dNK7GOkbrv<\/a><\/p>\n<p>\u2014 Ben Johnson, CFA (@MstarETFUS) <a href=\\\"https:\/\/twitter.com\/MstarETFUS\/status\/1450634214303469570?ref_src=twsrc%5Etfw\\\">October 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/search?q=%24BITO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BITO<\/a> just about at $1b in total volume today (curr $993m but trades still trickling in). Easily the biggest Day One of any ETF in terms of \u2018natural\u2019 volume. It also traded more than 99.5% of all ETFs (incl some bigs like <a href=\\\"https:\/\/twitter.com\/search?q=%24DIA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$DIA<\/a>, <a href=\\\"https:\/\/twitter.com\/search?q=%24ARKK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ARKK<\/a>, <a href=\\\"https:\/\/twitter.com\/search?q=%24SLV&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SLV<\/a>). It def defied our expectations.. <a href=\\\"https:\/\/t.co\/rWIPSAJboT\\\">pic.twitter.com\/rWIPSAJboT<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\\\"https:\/\/twitter.com\/EricBalchunas\/status\/1450557742956023821?ref_src=twsrc=twsrc%5Etfw\\\">October 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\&#8221;The launched ETF satisfies some hidden, if not niche, demand. If we suppose that many retail investors have already invested in Bitcoin,\\&#8221;<\/em> said Stefan Wellett, co-founder of FRNT Financial.<\/p>\n<\/blockquote>\n<p>Co-founder of Fundstrat Tom Lee previously forecast that investors would pour $50 billion into this and similar instruments in the first year.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> bull Tom Lee: Futures ETF could see $50 billion in first-year inflows. <a href=\\\"https:\/\/t.co\/NROTJDz0qF\\\">pic.twitter.com\/NROTJDz0qF<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\\\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1450430065636950023?ref_src=twsrc%5Etfw\\\">October 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to Arcane Research, by the end of October the <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> should reply to similar applications from <a href=\"https:\/\/u1f987.com\/en\/news\/vaneck-files-for-bitcoin-strategy-etf\">VanEck<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-applies-to-launch-a-bitcoin-futures-etf-under-the-1940-act\">Galaxy Digital<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-investments-files-for-bitcoin-futures-based-etf\">Valkyrie Investments<\/a>. The product from the latter has formally received <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-reports-imminent-approval-of-bitcoin-futures-etf-as-price-tops-61000\">listing on Nasdaq<\/a>.<\/p>\n<p>Earlier, investment firm Invesco <a href=\"https:\/\/u1f987.com\/en\/news\/invesco-abandons-plans-for-bitcoin-futures-etf-ahead-of-proshares-launch-of-a-similar-product\">pulled its plans<\/a> to launch a bitcoin-futures ETF. Its filing was next in line for SEC review.<\/p>\n<p>In October Grayscale Investments <a href=\"https:\/\/u1f987.com\/en\/news\/dcg-chief-confirms-plans-to-convert-grayscales-bitcoin-trust-into-an-etf\">confirmed plans<\/a> to convert the Bitcoin Trust GBTC into an exchange-traded fund.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading turnover of the bitcoin-futures ETF from ProShares (BITO) on the NYSE on its first trading day stood at 24.42 million shares, nearly reaching $1 billion. By this measure, the instrument ranked second among all exchange-traded funds, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":51472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1211],"class_list":["post-51471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51471"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51471\/revisions"}],"predecessor-version":[{"id":51473,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51471\/revisions\/51473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51472"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}