<p>Bitcoin will take another step closer to mainstream investing Tuesday with the launch of a new security Tuesday on the New York Stock Exchange.</p>.<p>ProShares, a leader in exchange-traded funds, a type of investment linked to an index, will unveil the bitcoin futures-linked vehicle under the ticker "BITO," the company said Monday.</p>.<p>The launch has been eagerly anticipated in the world of crypto-money, lifting bitcoin above $62,000 in recent days, a level not seen since April.</p>.<p>Rather than a direct investment in the digital currency, BITO will invest "primarily in bitcoin futures," ProShares said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/bitcoin-hovers-near-6-month-high-on-etf-hopes-inflation-worries-1041638.html">Bitcoin hovers near 6-month high on ETF hopes, inflation worries </a></strong></p>.<p>Unlike mutual funds, which are traded only once per day, ETFs can be transacted throughout the trading day.</p>.<p>"We believe a multitude of investors has been eagerly awaiting the launch of a bitcoin-linked ETF," said ProShares Chief Executive Michael Sapir.</p>.<p>"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 and creating a bitcoin wallet or are concerned that these providers may be unregulated and subject to security risks."</p>.<p>The Securities and Exchange Committee has not blocked the launch of the ProShares fund. However, the agency urged investors to "carefully weigh the potential risk and benefits" in a recent statement on Twitter.</p>.<p>The arrival of the ETF comes six months after the crypto money exchange platform Coinbase premiered on the Nasdaq. The company, founded in 2012, is now worth more than $75 billion.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Bitcoin will take another step closer to mainstream investing Tuesday with the launch of a new security Tuesday on the New York Stock Exchange.</p>.<p>ProShares, a leader in exchange-traded funds, a type of investment linked to an index, will unveil the bitcoin futures-linked vehicle under the ticker "BITO," the company said Monday.</p>.<p>The launch has been eagerly anticipated in the world of crypto-money, lifting bitcoin above $62,000 in recent days, a level not seen since April.</p>.<p>Rather than a direct investment in the digital currency, BITO will invest "primarily in bitcoin futures," ProShares said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/bitcoin-hovers-near-6-month-high-on-etf-hopes-inflation-worries-1041638.html">Bitcoin hovers near 6-month high on ETF hopes, inflation worries </a></strong></p>.<p>Unlike mutual funds, which are traded only once per day, ETFs can be transacted throughout the trading day.</p>.<p>"We believe a multitude of investors has been eagerly awaiting the launch of a bitcoin-linked ETF," said ProShares Chief Executive Michael Sapir.</p>.<p>"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 and creating a bitcoin wallet or are concerned that these providers may be unregulated and subject to security risks."</p>.<p>The Securities and Exchange Committee has not blocked the launch of the ProShares fund. However, the agency urged investors to "carefully weigh the potential risk and benefits" in a recent statement on Twitter.</p>.<p>The arrival of the ETF comes six months after the crypto money exchange platform Coinbase premiered on the Nasdaq. The company, founded in 2012, is now worth more than $75 billion.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>