A bitcoin futures exchange-traded fund (ETF) launched Tuesday morning – and saw strong demand from investors.
This indicates some amount of market maturity and acceptance from regulators at the U.S. Securities and Exchange Commission (SEC), but also raises new questions about whether the format of the product is appropriate for investors and when a physical ETF may go live.
The narrative
The first bitcoin (futures) ETF in the U.S. began trading today, bookending an eight-year effort to launch a widely accessible, regulated bitcoin investment product.
