OCT 19, 2021 • 4 Min Read
All eyes are on Proshare’s Bitcoin Futures ETF today, the first Bitcoin-linked ETF in the US, as it made its trading debut. Over $1B worth changed hands on its first day (including after-hours trading volume). Spot BTC remains steady in the ~$63-64k range, but has yet to break above its prior all-time high near ~$65k. Finally, the Valkyrie Bitcoin ETF launch—due to debut tomorrow with the memorable ticker BTFD—underscores this week’s focus on new financial products.
Huge Volumes on $BITO Bitcoin Futures ETF Launch
BIG NUMBERS: $BITO has traded $280m worth of shares in first 20min. That already puts it in Top 15 opening day launches of all-time, more than $GLD & $QQQ. $ARKX & $BUZZ were two from this year that made list. It has legit shot at $1b and top spot. We’ll see, via @tpsarofagis
— Eric Balchunas (@EricBalchunas) October 20, 2021
Facebook Chooses Coinbase as Custody Partner for Its Pilot of the Digital Wallet, Novi
Coinbase shares jumped 4% following the announcement; Facebook is up 1.25% on the day.
Details below by @morgan_chittum
— Blockworks (@Blockworks_) October 20, 2021
Chainalysis Adds BTC to Its Balance Sheets
— Chainalysis (@chainalysis) October 20, 2021