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Bitcoin price rises 2% in a historic day due to the debut of ETFs

Finally, the first ETF linked to BTC in the US was launched and the price of bicoin jumped above USD 62K

Bitcoin (BTC) opened a historic day with a rise of 2%, which has it above USD 62K. The first exchange-traded BTC futures fund (ETF) in the United States began trading today, and the crypto market adds a new milestone in its history. As of press time, the price of BTC is $ 62,559.

After several months of refusals and endless postponements by the United States Securities and Exchange Commission (SEC), the first BTC-linked ETF in the country was finally launched today. This is the ProShares ETF, which tracks the previous month’s bitcoin futures, and while it is not a “pure” ETF, it is a big step for the ecosystem in terms of adoption and exposure to new investors.

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“There are a lot of exchanges, and there is no single price. Meanwhile, futures are regulated, there is a clearing house. If you put the ETF on top of that, then you have your belt and suspenders. Therefore, we believe it is an opportunity that never existed before for investors, “said Simeon Hyman, chief investment strategist ProShares.

The ETF began trading on Wall Street under the ticker “BITO” and at a price of USD 40. However, the first ETF trade was USD 40.88 (2.2% more), and within hours it grew by 3% until reaching USD 41.25.

The rest of the althorns did not have great movements in the day today. Ether (ETH) grew just under 1% in the last 24 hours, which was enough to surpass $ 3,800 again. Litecoin ( LTC ) grew a bit more and hit $ 185 again.

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On the other hand, Cardano ( ADA ), XRP and Solana ( SOL ) are down less than 1% and trade at USD 212, USD 1.08 and USD 155 respectively. Dogecoin ( DOGE ) corrected more strongly and fell to USD 0.24.

The top 10 cryptocurrencies in the market by capitalization, the one that grew the most was Binance coin (BNB) with 2.5%, which is why it is trading at USD 486.

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