Tuesday, October 19, marked the official launch of the new ProShares Bitcoin Strategy ETF (BITO). The long-awaited cryptocurrency ETF marks the first of its kind to list on a U.S. exchange. BITO was listed on the New York Stock Exchange (NYSE) following a 75-day review by the SEC. Several other similar futures-based products are due to launch over the next few weeks. The CEO of ProShares, Michael Sapir, emphasized this milestone by saying, “1993 is remembered for the first equity ETF, 2002 for the first bond ETF, and 2004 for the first gold ETF. 2021 will be remembered for the