On Tuesday, the NYSE will launch a Bitcoin Futures ETF.

The first ETF linked to Bitcoin is scheduled to begin trading on the NYSE, marking a significant milestone for the exchange.
ProShares’ long-awaited exchange-traded fund based on Bitcoin futures will provide investors exposure to the cryptocurrency without requiring them to retain it.
On the CME, bitcoin futures open interest has reached an all-time high of $3.56 billion.

Bitcoin futures open interest has reached a new high as the launch of the ProShares Bitcoin ETF approaches on Tuesday, October 19. Three additional Bitcoin ETFs are awaiting SEC approval.

The ProShares Bitcoin ETF will make its NYSE debut, marking a significant milestone.

Bitcoin resumed its upward trend with the introduction of the ProShares Bitcoin ETF. Last week, the currency reached a new weekly high, and open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) has skyrocketed.

The open interest in Bitcoin futures on the CME reached a high of $3.64 billion dollars. The previous all-time high of $3.26 billion was set in February 2021, during the Bitcoin bullrun. Open interest, or the amount of Bitcoin futures contracts that have been traded but not yet liquidated, is used to gauge…