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ProShares Bitcoin ETF Becomes 2nd Most Traded Among Fidelity Clients on First Trading Day

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Wed, 10/20/2021 - 12:20
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Yuri Molchan
Data shows that Bitcoin ETF launch by ProShares became the second-most popular among Fidelity traders on Tuesday
ProShares Bitcoin ETF Becomes 2nd Most Traded Among Fidelity Clients on First Trading Day
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According to Bloomberg, the first U.S. Bitcoin futures exchange-traded fund under the BITO ticker proved to be the second-most traded ETF on the NYSE on Tuesday, Oct. 19.

Fidelity customers go for Bitcoin ETF

According to Bloomberg Terminal, for Fidelity clients, the Bitcoin Strategy ETF launched by ProShares and approved by the SEC became the second-most traded fund on the first day of its launch: Tuesday, Oct. 19.

The tweet has it that traders on the Fidelity platform placed over 10,100 buy orders and seven times more sell orders for BITO—the ticker that Bitcoin ETF goes by on the NYSE.

Related
Bitcoin Tops $63K on Strong ETF Debut and Grayscale Filing

Bitcoin rallies to $64,000

The Bitcoin ETF traded an astounding $320 million within just the first half-hour on the NYSE. The price increased by almost 5%, rising to $41.94. Overall, on Tuesday, more than 24 million shares were on the platform, according to Bloomberg's data.

As trading started on Tuesday, the flagship cryptocurrency, BTC, surged above the $63,000 level, inching closer to beating its all-time high of $64,800 reached in April this year.

At press time, Bitcoin is trading at the $64,000 level on the Kraken exchange.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.