First fund linked to bitcoin futures debuts on NYSE
NEW YORK, NEW YORK - OCTOBER 19: A banner for the newly listed ProShares Bitcoin Strategy ETF hangs outside the New York Stock Exchange
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Bitcoin took another step closer to mainstream investing Tuesday with the launch of a new security on Wall Street tied to futures of the cryptocurrency.
Rather than a direct investment in the digital currency, BITO will invest "primarily in bitcoin futures," ProShares said.
Originally published as First fund linked to bitcoin futures debuts on NYSE