Autor: alu0101241005

Link: https://www.cnbc.com/2021/10/19/first-bitcoin-futures-etf-rises-2percent-in-trading-de but.html

Date: TUE, OCT 19 2021

Media: CNBC

What happened?

In EEUU was born the new bitcoin-linked exchange-traded fund (ETF) made more than 700 Millions of transactions in his first day. This notice shows the growth of the ETF industry today.

Whom and where it affects?

This would affect all investors, companies, the country to a certain extent, the stock exchange world and the crypto world, as the values of certain tokens may fluctuate after this event. We could even talk about other countries, which have among their future proposals the idea of incorporating cryptocurrencies in the legal course as if it were fiat money.

What sort of public or private institutions are involved?

The ProShares Bitcoin Strategy ETF ( BITO ), New York Stock Exchange ( NYSE ) and Commodity Futures Trading Commission ( CFTM ).

Why is it important for Banking and Finance?

From the point of view of Banking and Finance, the strengthening of the cryptographic market with the launch of the ETF has positive effects especially on investors who want to excrete the benefits of Bitcoin.

Advantage of Bitcoin is that it is an asset with high liquidity. This is why investors want a physically backed bitcoin ETF in the future.

What do you think will be the consequences in the foreseeable future?

The acceptance of cryptocurrencies by a large part of the population, thanks to the fact that many investors have already embraced them and, with this fund, many more will have the confidence to trust them.

In the future, the value of Bitcoin will continue to rise, thanks in large part to the establishment of this ETF and new ETFs to come.

In addition, we believe that banks will lose power, due to the decentralisation necessary for the evolution of the crypto market.

Keywords: NYSE, BITO, ETF, Bitcoin, Cryptocurrencys.