a new way to bet on bitcoin has arrived

The first bitcoin etf, worth $1.1 trillion, was created by proshares, a u.s.-based exchange-traded fund provider. instead of directly investing in bitcoin, this etf uses a strategy called the bitcoin strategy etf (etf). the mercantile exchange of chicago, on the other hand, deals in bitcoin futures.

investors do not have to purchase the fund’s ticker symbol, bito, to gain exposure to the infamously volatile digital currency. futures contracts for bitcoin are agreements between two parties to buy or sell the cryptocurrency at a predetermined price, and the price of the proshares etf does not follow the price of bitcoin.

individuals interested in acquiring bitcoins but averse to the hassle or learning curve associated with opening a separate account with a cryptocurrency provider and a bitcoin wallet, or who are concerned about the unregulated nature of these providers, will be able to use bto to purchase bitcoins through their brokerage accounts.

@usfcx community center_us foundry cryptocurrency exchange.                                      #usfoundrycryptocurrencyexchange #usfcxcscenter #usfcxcommunitycenter #omgblockchainfactory #omgworldusa #omgsecurities

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