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ProShares Bitcoin ETF (BITO) Rises on First Day of Trading, Sending BTC Higher

ProShares Bitcoin ETF (BITO) Rises on First Day of Trading, Sending BTC Higher

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BITO is structured to put money into bitcoin futures contracts traded on the Chicago Mercantile Exchange, relatively than investing within the cryptocurrency immediately, which is one purpose why some analysts don’t count on the fund to have a major impression on BTC’s spot worth.

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