ProShares Bitcoin Strategy ETF

ProShares Bitcoin Strategy ETF is an exchange-traded fund incorporated in the USA. The ETF seeks capital appreciation. There can be no assurance that the Fund will achieve its investment objective. The Fund does not invest directly in bitcoin. The Fund seeks to provide capital appreciation primarily through actively managed exposure to bitcoin futures contracts.

BITO actively manages a portfolio of front-month CME bitcoin futures.

The ProShares Bitcoin Strategy ETF ($BITO) is the first bitcoin futures ETF to trade on a major U.S. exchange.

Since it's a futures ETF, the fund holds futures contracts for bitcoin assets but does not hold bitcoin itself. Futures-based ETFs can be riskier than traditional ETFs, per the SEC.

Bitcoin ETFs allow investors to invest in the future of this cryptocurrency without investing directly. Proponents of bitcoin ETFs say that this broadens access to bitcoin to larger groups of investors who may not want to invest in bitcoin directly. 

One important consideration is that ETFs often come with management fees, and the approved Bitcoin Strategy ETF is no different, with a listed management fee of 0.95%.

The fact that the first bitcoin ETF is a futures ETF is important. There is a cost associated with “rolling” futures contracts and this means that a bitcoin futures ETF will not perfectly track the spot price of bitcoin.

Individual investors can already invest in bitcoin and as many as 13% of Americans have invested in crypto so far in 2021 according to one University of Chicago study.

In order for an ETF to become available to investors, it must be approved by the Securities and Exchange Commission (SEC) and registered under the Investment Company Act of 1940.

BITO saw about $1 billion of trading volume on its first day of trading, making it the second-most heavily traded ETF debut on record.

More than 24 million shares changed hands during its first trading day, according to data compiled by Bloomberg.

Bloomberg
Public.com/learn
University of Chicago

Bitwise Crypto Innovators ETF

Global X Blockchain ETF

VanEck Vectors Digital Transformation ETF

Amplify US Alternative Harvest ETF

Advisorshares Poseidon Dynamic Cannabis ETF

Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF

AXS Cannabis ETF

These funds have fallen most in the first half of 2022.

Worst Performing ETFs Of The Year

After a spate of sell-offs in the first half of 2022, technical analysis may be showing that bitcoin is ready for another rally. Whether it can sustain one this year is anybody's guess, but the leading cryptocurrency could finally be poised for a long-term uptrend.

Technical Charts Show Bitcoin Poised for Another Rally

BITI joins BITO within the ProShares' bitcoin futures ETF lineup.

Short Bitcoin ETF Debuts At Best—Or Worst—Time

ProShares has publicly launched the first short bitcoin-linked ETF in the United States. The ProShares Short Bitcoin Strategy ETF (NYSE Arca: BITI) provides a way for investors to potentially profit from a decline in the price of bitcoin or hedge their cryptocurrency exposure with the convenience of an ETF.

ProShares Launches First U.S. Short Bitcoin-Linked ETF

The recent sell-off in Bitcoin, which took it below $21,000 at one point, is certainly spooking the majority of investors — particularly those who are new to digital assets. Some industry players, however, are undeterred by the recent plunge across the board in cryptocurrency prices.

Binance Cofounder Not Worried About Recent Bitcoin Sell-Off

Valkyrie Bitcoin Strategy ETF

Cryptocurrency exchange-traded funds (ETFs) that track Bitcoin through managed future contracts were trading all-time lows Wednesday (June 15) in the wake of a severe downturn in the crypto market. As Seeking Alpha reports, this includes the ProShares Bitcoin Strategy ETF — the first Bitcoin ETF on the market, debuting last October — which has fallen […]

Today in Crypto: Bitcoin ETFs Decline up to 70%; Forum Questions Blockchain's Usefulness

Amazon

Salesforce

Disney

Shopify

Block

The S&P 500 started the week by dipping into a bear market. Corrections provide opportunities to find stocks to buy.

7 Stocks to Jump on During Any Market Correction

As an asset class, cryptocurrencies can give investors uncorrelated stock market exposure to a nascent potential investment opportunity. At least that was the notion heading into 2022, but cryptocurrencies have been following the stock market downward lately, but is it just a temporary move?

Study Shows Recent Correlation Between Bitcoin and Stocks Is Temporary

Bitcoin is finally getting a reprieve from nine weeks of losses after the leading cryptocurrency saw its prices go green amid a long Memorial Day weekend. Still, questions remain on whether the rally can sustain itself, particularly with market headwinds like inflation still providing roadblocks for more rallies.

Bitcoin's Price Recovers Following the Weekend, But Headwinds Remain

Last week's market rally signaled a shift in the balance of power to bulls. Here are three top stock trades to capitalize on it.

3 Top Stock Trades for the Week of May 31, 2022

Bitcoin futures-related exchange traded funds are turning heads, and even the recent plunge in cryptocurrency prices attracted even more bearish options traders to the bitcoin ETFs to capitalize on the short trade. The ProShares Bitcoin ETF (BITO) declined 36.9% year-to-date, following the fall off in the cryptocurrency markets.

Bearish Options Traders Target a Bitcoin ETF to Capitalize on the Fall in Crypto

A reeling crypto market thus far in 2022 isn't sapping JPMorgan's confidence in bitcoin. The global investment firm sees more upside for bitcoin despite its recent correlative moves with stocks and bonds thus far.

JPMorgan Sees More Upside for Bitcoin

Bitcoin and digital assets in general are feeling the pain of the inflationary environment that's worrying about a forthcoming recession. Despite the recent weakness in the leading cryptocurrency, sentiment is higher.

Sentiment Is High on Bitcoin Despite Recent Weakness

Renaissance IPO ETF

Invesco QQQ

Vanguard Mid-Cap Growth ETF

Despite the carnage in the capital markets, those who wish to take the contrarian angle may do so with these best ETFs to buy at a discount. The post The 4 Best ETFs for Bargain Hunters to Buy Now appeared first on InvestorPlace.

The 4 Best ETFs for Bargain Hunters to Buy Now

Last year, one of the strong selling points for bitcoin was its ability to serve as an inflation hedge. Thus far in 2022, the leading cryptocurrency has been following stocks and bonds downward amid inflationary pressures, but one venture capitalist still believes that bitcoin can function as a viable hedge.

Venture Capitalist: Bitcoin Can Still Serve as an Inflation Hedge

After stumbling out of the gate in 2022, it appeared that bitcoin could work up a rally heading out of the first quarter, but downward pressure struck again, pushing the cryptocurrency back down in the early second quarter. All the choppiness, however, makes for an ideal trading environment.

Choppy Bitcoin Prices Open Up Opportunities for Short-Term Buyers

By Leks Gerlak, CFA, CFP, Investment Strategist “BITO has provided returns closely aligned with spot bitcoin[1]. Investor demand for BITO remains strong.

ProShares Bitcoin Strategy ETF (BITO): Key Observations from the First 6 Months

VanEck Vectors Gold Miners ETF

iShares Russell 2000 ETF

Earnings season is upon us. Rather than braving the drama with an individual stock trade, use ETFs.

3 ETFs to Buy That Dodge Earnings

Crypto lending firm Nexo CEO Antoni Trenchev recently told CNBC that bitcoin has the ability to surge past the $100,000 mark within the next 12 months. Bitcoin is down 15% this year, trading around $40,000.

Crypto Firm CEO: Bitcoin to Hit $100K in a Year

As Bitcoin continues to gain global use, more countries are adopting it as legal tender. El Salvador set the bar and now two territories have adopted the leading cryptocurrency as well, according to Forbes.

2 Territories Just Adopted Bitcoin As Legal Tender

Late last year, ProShares first introduced the ProShares Bitcoin ETF (BITO) to get bullish on bitcoin prices via futures. Now, the company will be adding more tactical exposure to the leading cryptocurrency with an inverse ETF.

Bearish on Bitcoin? There Could Be an ETF for That

SmartETFs Asia Pacific Dividend Builder ETF

SmartETFs Dividend Builder ETF

American Century Focused Dynamic Growth ETF

American Century Focused Large Cap Value ETF

SPDR Bloomberg High Yield Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

Vanguard Intermediate-Term Corporate Bond ETF

BondBloxx USD High Yield Bond Energy Sector ETF

In the last nearly 800 days, the growing number of advisors that incorporate ETFs into their practice have only been able to digitally learn what makes one product different from another. But next week, that will end, as many descend to Florida for Exchange, An ETF Experience.

Recapping Key Milestones Before Next Week's Exchange Conference

Dollar General

The market backdrop is improving, and it's providing a tailwind for bullish plays. Here are three top stock trades for the new week.

3 Top Stock Trades for the Week of March 28, 2022

One of the biggest players in the energy sector, ExxonMobil, appears to be entering the crypto space with a pilot project that will focus on bitcoin mining, according to a CNBC report. The report notes that the pilot project will include mining activities in North Dakota, and ExxonMobil will enlist the help of a Denver-based [.

In an Effort to Reduce Emissions, Exxon Is Looking at Bitcoin

Grayscale Bitcoin Trust

There's nothing like a good acronym to organize the minds of investors.

News for ProShares Bitcoin Strategy ETF ETF (BITO)