The First Bitcoin ETF in the U.S.

What a month for the cryptocurrency eco-system!

Less than a week after the announcement of the first ETF in the U.S. with exposure to cryptocurrencies and the performance of the institutional cryptocurrency investors, the U.S. Securities and Exchange Commission (SEC) announced the first type of Bitcoin ETFs: ProShares Bitcoin Strategy ETF.

ProShares Bitcoin Strategy ETF is:

• the first Bitcoin futures ETF in the U.S.
• the second ETF in the U.S. in a broader categorization of ETFs with exposure to cryptocurrencies, blockchain companies, and institutional cryptocurrency investors.

SEC has come a long way since 2013 to approve cryptocurrency ETFs, and cryptocurrency investors are now thrilled to step in the medal round that highly expected to yield the long-awaited prize: the first spot-Bitcoin ETF in the U.S.

The details are under the below for a quick look.

1. Volt Crypto Industry Revolution & Tech ETF

• Ticker: BTCR 
• Stock Exchange: NYSE
• Approved: October 2021
• Tracks: Bitcoin Industry Revolution Companies 
• Firm: Volt Equity 
• The first ETF in the U.S. with exposure to cryptocurrencies and blockchain companies

2. ProShares Bitcoin Strategy ETF 

• Ticker: BITO 
• Stock Exchange: NYSE 
• Approved: October 2021 
• Tracks: Bitcoin future contracts 
• Firm: ProShares Trust 
• The first Bitcoin (futures) ETF in the U.S.