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ProShares Bitcoin ETF ends first day up 3.10%

By Kevin Donovan

21:57, 19 October 2021

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Bitcoin ETF
Bitcoin ETF - Source: Shutterstock

Shares of the newly registered ProShares Bitcoin Strategy ETF ended its first day on the NYSE at $41.94 Tuesday, up 2.59% from the $40.88 opening share price.

ProShares became the first Bitcoin-focused exchange-traded fund (ETF) to trade on the NYSE Tuesday, after the US Securities & Exchange Commission failed to block its registration on the world’s largest stock exchange by market capitalisation. Proshares Bitcoin ETF, which hold Bitcoin futures, saw 24.2m trades Tuesday.

Also, Grayscale Investors, the largest digital currency investor, announced plans Tuesday to register its $40bn fund over the NYSE.

Bitcoin near all-time high

Bitcoin rose steadily throughout the day, trading over $63,000 to $63,676 as of 5:00 pm EDT, according to Coindesk. Bitcoin’s all-time high is just over $64,800, depending on the reporting exchange.

XRP/USD

0.41 Price
+1.130% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 0.00321

BTC/USD

17,169.60 Price
+4.140% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 60.00

US100

12,043.80 Price
+4.740% 1D Chg, %
Long position overnight fee -0.0159%
Short position overnight fee 0.0057%
Overnight fee time 22:00 (UTC)
Spread 1.8

Natural Gas

7.03 Price
-3.280% 1D Chg, %
Long position overnight fee 0.0479%
Short position overnight fee -0.0741%
Overnight fee time 22:00 (UTC)
Spread 0.005

MicroStrateg, however – the largest corporate Bitcoin holder, with over 108,990 in Bitcoins as of 24 August – traded up to 5.56% lower, as investors are now offered an additional, ETF-wrapped, option for Bitcoin exposure. MicroStrategy shares opened at $742.25 before dipping to a $701.01 session low, closing at a $7,627.25 share price, down 2.02% on the day.

Read more: Microstrategy sells shares, buys $177m in bitcoin

 

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