CoinDesk: ProShares Launches First U.S. Bitcoin Futures ETF 'BITO' on NYSE Today
The first U.S. bitcoin futures ETF, ProShares Bitcoin Strategy ETF, starts trading under the ticker "BITO" on the New York Stock Exchange (NYSE) today. Preston Byrne, partner at Anderson Kill, discusses the potential impact of this historic exchange-traded fund on bitcoin and the crypto community, his views on spot ETFs, regulation and more. Plus, insights into "decentralization theater" and reactions to New York Attorney General Letitia James cracking down on two crypto lending platforms.
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