The first day of the Bitcoin ETF was the second most trading volume in history

The exchange-traded investment fund (ETF) for bitcoin, launched the day before, showed the second turnover of the debut day in history after the carbon ESG fund BlackRock, writes Bloomberg.

billion. The ProShares Bitcoin Strategy ETF rose 4.9% in trading on October 19, with more than 24 million shares changed hands, and the turnover approached $1 billion).

The net result of the first bitcoin ETF is unknown, but experts suggest that it will also be among the most successful debuts. Indirectly, this is indicated by the fact that securities under the ticker BITO were among the leaders in terms of purchase orders on the Fidelity platform. The fund has raised more than $400 million, according to Bloomberg Intelligence analyst James Seffart.

We talked about how the first bitcoin ETF was launched and what risks investors need to be aware of here .