Bitcoin ETF Revolution by GBTC Discount and BITO Surge
BITO had an impressive trading week, with $1.7 billion traded. GBTC also saw a surge, raking in $800 million in volume last week
The ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF approved in the U.S. in 2021, had its second-highest trading week since its launch
The recent surge in Bitcoin ETF trading, notably BITO and GBTC, could boost the chances of the U.S. approving a Bitcoin spot price-based ETF