What is BITO ETF

The company held $2.41 billion of the cryptocurrency as of Sept. 30, up from $1.05 billion at the end of 2020. MicroStrategy also said it purchased bitcoins for $2.04 billion in cash for the first nine months of 2021 , up from $425 million in the prior-year period.

To date, there are no ETFs that are able to directly own Bitcoin . That’s because cryptocurrency and other digital currency trading is still unregulated by the Securities and Exchange Commission (SEC).

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