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Is Bito a crypto ETF?

Although BITO is the first Bitcoin ETF to be listed on a U.S. stock exchange, crypto ETFs had previously launched in Canada and in Europe. The history of crypto ETFs goes back to at least 2016, when the Securities and Exchange Commission (SEC) began reviewing proposals from fund managers for Bitcoin ETF approval.

Will the Bito ETF track the price of bitcoin?

There is no guarantee that the BITO ETF will consistently and tightly track the price of Bitcoin. The ProShares Bitcoin Strategy ETF became the first cryptocurrency ETF on a U.S. exchange when it began trading on the NYSE ARCA on October 19, 2021.

How does Bito ETF work?

Since ETFs are investment securities that can be bought and sold on an exchange like stocks, the BITO ETF can provide simple, indirect access to this cryptocurrency for retail investors. To track the price of Bitcoin, BITO buys bitcoin futures, which are then securitized into a tradeable ETF.

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