ProShares Bitcoin Strategy ETF (BITO) Tops $1bln On Debut & Bitcoin Moves Back To Record Highs

Head of Market Analysis Anthony Cheung reviews the ProShares Bitcoin Strategy ETF debut today on the NYSE, where trading volume topped $1 billion on its first day, ranking the investment vehicle as one of the top ETF launches in history.

Social Media handles:

►Twitter: @amplifytrading @AWMCheung
►Instagram: @amplifyme @amplify_ant

#BITO #Bitcoin #crypto

[TraderZ]

When I watch your briefings each day , I keep referring your lecture at society of technical analyst " applying macro fundamentals in short term decision making"

[SanDiego_VDubLife]

Thanks dude, you were very clear and and explained quickly what I came to find out and that is what the hell is and etf and what is proshares. Do you think the price of proshares will increase? Or do you think other etfs will come around and surpass proshares? Or perhaps a better question, will other etfs come along that trade crypto?

[ChicagoDB]

So overall Bitcoin has done nothing in terms of “return” since May. People imagining huge profits anymore from Bitcoin…with near term targets like $100k or $200k are nuts…for starters, BTC is underperforming most Cryptos.

[kaz]

We need a physically bought and settled ETF, this future ETF will just be another manipulation tool.This is not good for BTC. We need a Proper ETF.