First Bitcoin ETF trades $1.5B as GBTC 'discount' echoes $69K BTC price

ProShares and Grayscale lead a surge of activity in Bitcoin investment products, with analysis confident of implied demand for a Bitcoin spot ETF.In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand.

Among them was the ProShares Bitcoin Strategy ETF , the first futures-based ETF to get the green light in the U.S. in 2021. He noted that the stalwart Grayscale Bitcoin Trust fetched $800 million in volume, helping reduce its discount to the Bitcoin spot price to two-year lows.

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