RT Bitcoin ETF Sees Slow Open to Market Despite Bearish Outlook for Bitcoin

Bitcoin (BTC) Exchange

Modified Date:- Published Date:-

Categories: Bitcoins

The newly launched short bitcoin (BTC) exchange-traded fund (ETF) with BITI from ProShares saw a slow start to the market on the first day of trading, before a significant increase in interest on the second day. The ETF, which launched on Tuesday this week on the NYSE Arca exchange, saw trading volume of USD 183,284 shares worth around USD 7m in its first trading day on Tuesday.

However, volume picked up significantly on the second day of trading, when 870,000 shares changed hands for a value of approximately US$35 million, per ProShares data. There was a sharp jump in trading volume for the short ETF on Wednesday as the price of BTC fell from close to $21,000 to over $20,000.The USD 7m trading volume for BITI on its first day makes up only a tiny fraction of the USD 1bn that was seen on the first day of trading for BITO, the first regular bitcoin futures-backed ETF to launch in the US.

 Bitcoin (BTC) exchange, ETF,  NYSE Arca exchange, Bitcoin Future Backed, USD, Proshares Data

Top articles
ProShares Launches First Short Bitcoin ETF Published at:- 'Bancor' Dex suspends temporary loss protection amid 'hostile market conditions' Published at:- 'Bitcoin is dead' hits all-time high on Google searches Published at:- RT Bitcoin ETF Sees Slow Open to Market Despite Bearish Outlook for Bitcoin Published at:- Low Bitcoin Price Weighs on Crypto Mining Stocks Published at:- First Mover Americas: BTC Dips as 3AC Liquidation is Ordered by BVI Court Published at:- Bitcoin, crypto decline amid reports of 3ACs court-ordered liquidation Published at:- Regulation is good for BTC price action Published at:- Ailing Crypto Lender ‘Celsius’ Found to Have Double the Traditional Banking Risk Published at:- Australia wants to tame the wild world of crypto That's easier said than done Published at:- South Korean regulator looking for determined kimchi premium traders Published at:- Bitcoin, Ethereum, Cardano and Avalanche Daily Price Analysis Published at:- Bitcoin compare with cryptocurrency Published at:- Why are there so many cryptocurrencies? Are they all just copies of Bitcoin? Published at:- These are the tips for BTC long term holders in the BTC futures market liquidation Published at:- 3 trends that will shape the future of Bitcoin mining Published at:- The Difference Between Blockchain and Bitcoin Published at:- Bitcoin Whale Suddenly Moves $107,000,000 in BTC – Here’s Where the Crypto Is Going Published at:- Top Crypto Trader Forecasts What’s Next for Bitcoin, Ethereum and One Altcoin That’s Up Over 120% in Two Months Published at:- A Crypto Analyst Reckons Off Chain Bitcoin Activity is in Bull Market Right Now Published at:- Bitcoin Cash Analysis: Bulls Aim Higher Above $135 Published at:- Popular crypto strategist issues dire warning on altcoins that exploded over 330% in one month Published at:- Bitcoin Growth was Outdone By Ethereum in August Published at:- Bitcoin mining firm Compute North files for bankruptcy, CEO resigns Published at:- Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Figure Published at:- Premium in crypto blurs as financial backers heap into bonds Published at:- Ethereum and Solana Upset Investment With Coinbase-Supported DAODAO Published at:- Bitcoin Amsterdam 2022: Hopeful standpoint for BTC in the midst of unstable financial times Published at:- Bitcoin is higher to begin the week yet keeps holding sideways design Published at:- Bitcoin, Ethereum Specialized Examination: BTC, ETH Move Past Key Opposition Levels on Tuesday Published at:- U.S. Gross domestic product Grows 2.6% in Second from last Quarter, surprisingly quick; Bitcoin Consistent Published at:- Australian Resource Chief to Delist Crypto ETFs following a half year Published at:- A glance at likenesses between the 2000 website bubble and post-Coronavirus bubble Published at:- Bitcoin balance on FTX Trade goes negative - Coinglass Published at:- Bitcoin tends to holding something like 1 BTC close in to 1,000,000 Published at:- Brand mindfulness casted a ballot Bitcoin as the Ruler of crypto by Aussies Published at:- How Has Bitcoin Acted in 2022? 3 Probably Value Situations for BTC Published at:- Bitcoin Will Beat Any remaining Resources In 2023 Because of 3 Reasons Published at:- US With Biggest Number of Shut Bitcoin ATMs in Regrettable Development Year Published at:- Bitcoin excavators get back from winter storms, trouble at an untouched high Published at:- BTC's hashrate prompts rising pressures Is mining industry at a junction? Published at:- Crypto Slate Day to day wMarket Update: Bears accept control as Bitcoin plunges to $23,500 Published at:- Here's The reason The Bitcoin Value Is In danger Of 8% Defeat Published at:- Instructions to pick and investigate altcoins - all you want to be aware and Made sense of Altcoin Published at:- Bitcoin's Value History and what decides the bitcoin cost? Published at:- Investigating the Elements Behind the New Bitcoin Value Decline Published at:- The Bitcoin Fall Unveiled or What Every Investor Needs to Know Published at:- Understanding the Impact of the Grayscale Bitcoin ETF Ruling on the Crypto Market Published at:- Understanding the Factors behind the SEC Decision to Delay Spot Bitcoin ETFs Published at:- Key Lessons from Bitcoin Dramatic Price Crash for Long-Term Investors Published at:- How to Effectively Monitor Your Crypto Trading Performance Published at:- The Impact of Global Events on Bitcoin's Value at the New Year Published at:- The Impact of Seasonality on Bitcoin and Ethereum: Winter Analysis Published at:- Riding the Waves of Winter and How to Make the Most of Bitcoin and Ethereum in two thousand twenty three Published at:- Winterizing Your Crypto Strategy and A Deep Dive into Bitcoin and Ethereum in two thousand twenty three Published at:- Surviving the Bitcoin and Ethereum Winter or Strategies for Investors in two thousand twenty three Published at:- The Top five Bitcoin Investment Opportunities in Winter two thousand twenty three Published at:- Tips for Successful Bitcoin Investing into the Difficult Winter of two thousand twenty three Published at:- The Pros and Cons of HODLing Bitcoin during Winter two thousand twenty three Published at:- Building a Resilient Bitcoin Portfolio for Winter two thousand twenty three Published at:- Why BTC Exchange Traded Funds Are a Smart Investment Option for Winter two thousand twenty three Published at:- Understanding the Impact of World AIDS Day in the Bitcoin Community Published at:- Empowering HIV/AIDS Support or How Bitcoin Is Making a Difference on World AIDS Day Published at:- Cryptocurrency for a Cause and Marking World AIDS Day with Bitcoin Published at:- Step-by-Step: How to Purchase Bitcoin in India with ZebPay in Seconds Published at:-
Main Category
Bitcoins Dogecoin Solana Cryptocurrency Cardano NFT Blockchain Ethereum Exchanges Coins Wallets Token Binance FTX Fix Trading Health Festival Travel JAVA EDUCATION OTHERS