Valkyrie Bitcoin ETF Listed On Nasdaq

Valkyrie Bitcoin ETF has been listed on Nasdaq. Valkyrie's exchange-traded fund is trading on the Nasdaq under the code BTF.

The long-awaited acceptance of Bitcoin exchange-traded funds in the United States came for the first time this week, with a Bitcoin ETF trading on Tuesday for the first time in history. Although it is an ETF that tracks futures contract prices, after this move, which experts interpret as a "very important step", the second Bitcoin futures ETF is now trading on the Nasdaq stock market at 9:30 am US time. In the first hour, 940,000 shares were traded in the Valkyrie Bitcoin ETF. At the current price, this equates to a trading volume of about $23 million. The ProShares ETF, on the other hand, recorded over $230 million in volume in 15 minutes. This reveals that ProShares is taking advantage of being first. ProShares Bitcoin Strategy fund (BITO), the first Bitcoin futures ETF to be traded, was launched on Tuesday and managed to attract more than $1 billion in investments in just two days. Along with the interest in this Bitcoin ETF, the price of the largest crypto currency BTC rose above $ 67,200.