NEW YORK—The first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading on Tuesday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could boost investment flows into cryptocurrencies.
The ProShares Bitcoin Strategy ETF closed up 2.59 percent at $41.94 in its first day of trading, with around $1 billion worth of shares trading hands on Intercontinental Exchange Inc.’s NYSE Arca exchange under the ticker BITO.
