Another Bloomberg analyst, James Seyffart, had initially predicted that the Valkyrie Bitcoin ETF would go live on the same day as the ProShares. However, Balchunas tweeted after the Varlkyrie fund “probably” will launch this Wednesday or Thursday tomorrow, adding that ProShares will have the “market all to himself” for now.
In the first operations, more than 12 million shares were exchanged, and its initial price was $ 40. During the first hours, the price rose 5.4% to $ 42.12 per share and then fell to $ 41. Finally, the first day ended with a rise of 1.3% and a value of US $ 41.43.
These first movements reached $ 480 million and placed it among the ETF debuts with the most demand.
The world’s first ever index fund (ETF) of futures Bitcoin went up this morning about 3% in its long-awaited Wall Street debut While the most used cryptocurrency exceeded $ 63,000, approaching its all-time high.
ETFs are securities that track an asset and can be bought or sold on a stock exchange. “It can attract flows of investors who prefer the ease of an ETF over the perceived risk of an exchange,” said analyst Martha Reyes, head of research at cryptocurrency exchange Bequant.
The prospect of increased interest in Bitcoin from institutional and retail investors is bolstering the token, whose rise in 2021 dwarfs returns on traditional assets like stocks, bonds and gold.
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