The long-awaited Bitcoin ETF is finally here. The ProShares Bitcoin Strategy ETF (BITO) launched on the NYSE, marking a major milestone for institutional investment in crypto. With an estimated $1 billion in daily trading volume, this ETF could be a game-changer for mainstream adoption.

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This is a significant step towards mainstream acceptance, but it's essential to monitor the ETF's performance and ensure it's transparently tracking the underlying asset.