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home / news releases / UAL - Wall Street Breakfast: BTC-ETF

UAL - Wall Street Breakfast: BTC-ETF

United Airlines Holdings Inc.
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. BTC-ETF The crypto industry is celebrating a long-awaited milestone today as the first exchange-traded fund linked to Bitcoin (BTC-USD) launches on the New York Stock Exchange. The ProShares Bitcoin Strategy ETF (BITO) does not invest directly in Bitcoin, but will rather hold futures contracts of the digital currency - meaning it will have a very high correlation with Bitcoin, but won't mirror the token's exact value. It will also cost more to own the fund, but some may be willing to pay up for institutional level custody, execution and security. Bigger picture: The new approval could bring more investors into the crypto market as it comes with a more regulated structure. That means 401(k)s and IRAs could now have an allocation of the sector, while the

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Wall Street Breakfast: BTC-ETF
Stock Information
Company Name: United Airlines Holdings Inc.
Stock Symbol: UAL
Market: NASDAQ
Website: unitedcontinentalholdings.com
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