Historic day for bitcoin ETF as Invesco mulls crypto strategy

Mark Battersby
clock • 3 min read

The ProShares Bitcoin Strategy ETF marked a historic moment for cryptocurrencies as it started trading on the New York Stock Exchange yesterday (19 October), while Invesco said it was revising plans for a bitcoin futures product. The ProShares Bitcoin Strategy ETF closed up 2.59% at $41.94 after its first day of trading, with around $1bn worth of shares trading hands on Intercontinental Exchange Inc's ICE.N Arca exchange. Bitcoin, was at $63,847 at 11.50am on 20 October after the listing of the first futures-based bitcoin exchange-traded fund in the US. Separately Invesco told Bloo...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login