Data shows that Bitcoin ETF launch by ProShares became the second-most popular among Fidelity traders on Tuesday
According to Bloomberg, the first U.S. Bitcoin futures exchange-traded fund under the symbol BITO turned out to be the second-most-traded ETF on the NYSE on Tuesday, October 19.
Fidelity customers go for Bitcoin ETF
According to Bloomberg Terminal, for Fidelity clients, the Bitcoin Strategy ETF launched by ProShares and approved by the SEC became the second-most traded fund on the first day of its launch: Tuesday, Oct. 19.
The tweet indicates that traders on this Fidelity platform have placed over 10,100 buy orders and seven times as many sell orders for BITO – the ticker for the Bitcoin ETF on the NYSE.
Bitcoin rallies to $64,000
The Bitcoin ETF traded an astounding $320 million within just the first half-hour on the NYSE. The price increased by almost 5%, rising to $41.94. In total, as of Tuesday, more than 24 million shares on the platform, according to Bloomberg data.
As trading started on Tuesday, the flagship cryptocurrency, BTC, surged above the $63,000 level, inching closer to beating its all-time high of $64,800 reached in April this year.
At the time of writing this article, Bitcoin is trading at the $ 64,000 level on the Kraken exchange.
