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when does bitcoin etf market open
The Bitcoin ETF market commenced trading on October 20, 2021, following the regulatory approval of BITO, the first Bitcoin ETF listed on the New York Stock Exchange.
Oct 24, 2024 at 04:14 am
When Does Bitcoin ETF Market Open?
1. Background:
An exchange-traded fund (ETF) is a financial security that tracks the price of an underlying asset. Bitcoin ETFs are ETFs that track the price of Bitcoin.
2. Regulatory Approval:
The first Bitcoin ETF was approved by the US Securities and Exchange Commission (SEC) on October 19, 2021. It was launched on the New York Stock Exchange (NYSE) under the ticker symbol "BITO".
3. Market Timing:
The Bitcoin ETF market opened on October 20, 2021.
4. Expansion of Market:
Since the launch of BITO, additional Bitcoin ETFs have been approved by the SEC and listed on major exchanges. Currently, there are several Bitcoin ETFs trading on exchanges like NYSE Arca, Nasdaq, and Cboe BZX Exchange.
5. Trading Days and Hours:
Bitcoin ETFs trade during regular market hours, typically from 9:30 AM to 4:00 PM Eastern Time. The market may be closed on certain holidays.
6. Note:
Please note that the market hours and availability of Bitcoin ETFs may vary depending on the exchange and specific product offerings. It is always recommended to check with the exchange and the ETF provider for up-to-date information.
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