The first Bitcoin-linked, exchange traded fund ETF has finally received approval and has launched to immediately commence trading.

The ETF approval is a watershed moment as numerous entrepreneurs, firms, and investors have been seeking approval from regulators since 2013.

The ETF began trading at $40 a share on Tuesday under the ticker system “BITO” and appreciated by 5% at the end of trading.

The launch of the ETF is the beginning of a new era where retail investors can invest directly into Bitcoin through the ETF. The development serves as further validation of Bitcoin and cryptocurrencies across the world and on a global basis.

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