Check the price: https://www.cnbc.com/quotes/BITO
ProShares Bitcoin Strategy ETF
Without a doubt, such an ETF for Bitcoin is something positive, but will it be positive for the decentralization of BItcoin? Why would we use an ETF if we can buy via p2p or exchanges and store it in our own wallets? remember, "not your keys, not your coins" Anyway, I believe it will bring a lot more people to this market
"BITO will open up exposure to bitcoin to a large segment of investors who have a brokerage account and are comfortable buying stocks and ETFs, but do not desire to go through the hassle and learning curve of establishing another account with a cryptocurrency provider," said ProShares CEO Michael Sapir in a statement.