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

ARK 21Shares Bitcoin ETF

ARK Web x.0 ETF

Proshares Bitcoin & Ether Equal Weight Strategy Etf

Proshares Bitcoin & Ether Strategy Etf

Bitwise Bitcoin ETP Trust

Bitwise Bitcoin Strategy Optimum Roll ETF

Bitwise Crypto Innovators ETF

Global X Blockchain & Bitcoin Strategy ETF

Bitwise 10 Crypto Index Fund

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

Valkyrie Bitcoin Fund

Invesco Galaxy Bitcoin Etf

WisdomTree Bitcoin Fund

Valkyrie Bitcoin Strategy ETF

Bitwise Bitcoin And Ether Equal Weight Strategy Etf

Hashdex Bitcoin ETF

Franklin Bitcoin ETF

Fidelity Wise Origin Bitcoin Fund

Grayscale Bitcoin Trust

VanEck Bitcoin Trust

iShares Bitcoin Trust

Invesco Alerian Galaxy Crypto Economy ETF

Simplify US Equity PLUS GBTC ETF

Schwab Crypto Thematic ETF

Valkyrie Bitcoin Miners ETF

Vaneck Bitcoin Strategy ETF

Bitcoin (BTC) and the leading stock market index, S&P 500, have a historical correlation that has recently been challenged. This divergence hints that either BTC will make a big move upward or the stock market will reverse downwards.

Bitcoin and S&P 500 divergence signals big move ahead

The largest cryptocurrency fell back below $61,000 early Wednesday. It hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds.

Bitcoin and Ether Sink. Blame the Strong Dollar and Markets for Crypto Pain.

Bitcoin has not reached the top of its current cycle and is likely to go past its all-time high this year, according to a research report released by CCData on Tuesday. The research firm looked at historical trends, including the length of time for which bitcoin appreciates after halving.

History suggests bitcoin will likely hit a new all-time high this year, report says

The two cryptocurrencies were down in early trading Tuesday. Investors are anticipating the next wave of exchange-traded funds.

Bitcoin Price Slips. Ether Falls But the Crypto's ETF Launch Is in Sight.

Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.

Bitcoin and Other Cryptos Rise. Why July Could Be a Tough Month for the Sector.

Is Bitcoin set to rise even higher? Some analysts think the answer is yes, and quickly.

Frank Talk: Bitcoin could hit $1M within a decade

The largest cryptocurrency has fallen back this week but Ether and now Solana have been boosted by hopes around exchange-traded funds.

Bitcoin Gains. A New Type of Crypto ETF Could Be in the Cards.

The largest cryptocurrency hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then

Bitcoin Falls. 'Buy the Dip' Reaction After Mt.

Bitwise Ethereum Strategy Etf

ProShares Short Bitcoin Strategy ETF

Vaneck Ethereum Strategy Etf

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.

Cryptocurrencies: Bitcoin Drops to 2-Month Low

Bitcoin fell sharply after news that the trustee of Mt. Gox will begin to return more than $8.5 billion worth of the crypto owed to creditors from the beginning of July.

Bitcoin Rises. Crypto Is Bouncing Back from Fears Over Mt.

NVIDIA

A look at the day ahead in U.S. and global markets from Mike Dolan

Morning Bid: Nvidia's half trillion hiccup; Bitcoin, China slide

Bitcoin dropped 7.8% to $59,215 at 8:50 pm GMT on June 24.

Bitcoin drops 7.8% to below $60,000

Bitcoin plunged Monday to its lowest price since May 13, extending the midyear selloff cutting into the leading cryptocurrency's strong returns following January's landmark approval of spot bitcoin exchange-traded funds.

Bitcoin Price Falls 4%: Hits 6-Week Low Amid Extended Post-ETF Slump

The largest cryptocurrency has fallen below $63,000 and is dropping toward important technical levels that could signal a steeper drop.

Bitcoin Drops. Crypto Bears Must Watch This Level for a Steeper Fall.

After hitting a new all-time high in March, the price of Bitcoin has declined by more than 10%. Investor inflows into the new spot Bitcoin ETFs show no signs of abating, and that should help to support Bitcoin's price.

Should You Buy Bitcoin on the Dip?

MicroStrategy Incorporated

The largest crypto was falling on Friday despite a major purchase of the crypto by software company MicroStrategy.

Bitcoin Price Drops. MicroStrategy Is Still Buying More.

Cryptocurrencies: Bitcoin Falls Below $65K for First Time in Over a Month

Close to $300 million has left exchange-traded funds so far this week, according to crypto data firm Coinglass.

Bitcoin Falls. Why the Bears 'Are in Control.

Spot Bitcoin ETFs are on the cusp of gaining approval at major wirehouses, according to Bernstein analysts who maintain a bullish $200,000 Bitcoin target for the end of 2025.

Bitcoin To Rebound In The Next Months, Will Hit $200K In 2025: Bernstein

The change of direction at exchange-traded funds and miners being forced to sell tokens are weighing on the market.

Bitcoin Price Steadies After Selloff. The Crypto Faces Pressure Amid ETF Outflows.

Apple

Technology Select Sector SPDR Fund

U.S. stocks struggle after softer than expected retail sales data. Predictions of Fed rate cuts in 2024 and 2025.

Softer Retail Sales, Rate Cuts And Tech's Top Targets

Bitcoin (BTC) ended the week at approximately $66,675, marking a 4.3% decrease from the previous week's closing price of around $69,650. This downturn was characterized by stronger selling pressure than buying demand, with BTC consistently dropping on Tuesday and gradually declining further throughout the week, stabilizing over the weekend in the $66,000 to $67,000 range.

Bitcoin sees a 4.3% weekly decline amid miner sell-offs and ETF outflows

Retaining its position as number 1 in the crypto rankings by market capitalization, Bitcoin ( BTC-USD ) has retained its dominance by most metrics. Where stores of value are concerned in the digital asset sector, bitcoin is king.

Bitcoin's $69K Resistance: The Key Level to Watch for a Potential Rally

Bitcoin Falls Below $66,000 as Bond Yields Weigh. Cryptos Are Lacking Catalysts.

Bitcoin continues to fall after the Federal Reserve dampened expectations for interest-rate cuts but Ether gained after SEC Chair Gary Gensler gave more information on ETF approval.

News for ProShares Bitcoin Strategy ETF ETF (BITO)