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

With interest rates rising in the U.S. the way they have been thanks to a hawkish Federal Reserve, it's difficult to oust the almighty greenback. However, bitcoin is still outperforming certain currencies around the globe even with the recent pullback.

Despite Recent Drop, Bitcoin Is Outperforming Certain Global Currencies

Bitcoin's use as a medium of exchange is continuously on the move higher with certain countries adopting it as legal tender. The proliferation of its use could also see it take over international transactions on the Society for Worldwide Interbank Financial Telecommunications (SWIFT) network.

Bitcoin's Use in International Transactions Should Continue Increasing

Bitcoin continued to match the moves of the broader stock market as its price faltered amid a hot inflation report that sent the Dow Jones Industrial Average tumbling as much as 1,200 points during Tuesday's trading session. “U.S. inflation decelerated in August, but remained higher than what economists had expected, a sign that the U.S.

Hot Inflation Report Opens Up Bitcoin Buying Opportunity

Valkyrie Bitcoin Strategy ETF

Vaneck Bitcoin Strategy ETF

Exchange-traded funds focused on bitcoin were sliding sharply around midday Tuesday in a broad stock-market slump sparked by an inflation reading for August that was hotter than forecast. The ProShares Bitcoin Strategy ETF BITO, -7.73% was down more than 7% around midday, while the VanEck Bitcoin Strategy ETF XBTF, -7.76% and Valkyrie Bitcoin Strategy ETF BTF, -7.70% were also sliding more than 7%, FactSet data show, at last check.

Bitcoin ETFs slide sharply in stock-market selloff sparked by stronger-than-expected inflation

The summer rally in stocks and bonds has been fizzling out as recession fears start to permeate through the capital markets. Bitcoin has been following traditional assets as of late and has fallen below $20,000 after a summer rally of its own above $25,000.

“Dormant Supply Peak” Could Push Bitcoin Prices Higher

Timing the market is near impossible, especially regarding the volatile crypto markets (particularly this year). However, a seasonal buying opportunity could allow prospective Bitcoin investors to get in on an area of value.

Recent Bitcoin Weakness Could Provide Seasonal Buying Opportunity

VettaFi writer Elle Caruso recently sat down with Simeon Hyman, global investment strategist at ProShares, to discuss bitcoin futures ETFs and the state of the ProShares Bitcoin Strategy ETF (BITO). The excitement was palpable when BITO came to market last October, allowing U.S.

Simeon Hyman on BITO and the Bitcoin Futures Market

Bitcoin recently touched past the $25,000 mark in a recent rally, but given the way the leading cryptocurrency has been behaving as of late, investors have to wonder whether it's a flash rally or something more sustainable. Recent short-term buying activity could point to potential long-term support.

Recent Spike in Short-Term Bitcoin Buyers Could Signal Accumulation Phase

After heavy sell-offs to start the first half of 2022, bitcoin's price has been relatively stable, but can it gain momentum to reach $773,000? One analyst thinks that a confluence of factors could propel the leading cryptocurrency to such levels.

Analyst Explains How Bitcoin Could Reach $773,000

Certain investors rebuke the addition of cryptocurrencies in their portfolios, dismissing digital assets as too great of a risk, especially without regulatory oversight. That could be changing with the introduction of a pair of bills by the U.S. Senate.

Senate Proposes Bill to Regulate Spot Markets for Cryptocurrencies

Detractors of bitcoin-related exchange traded funds (ETFs) like the ProShares Bitcoin ETF (BITO) are quick to label the cost of getting exposure to the leading cryptocurrency as expensive, but an expense ratio doesn't tell the full story. The fund's lower premium in bitcoin futures exposure highlights the maturation process of the market.

Lower Premiums Underscore Maturation Process for Bitcoin Futures

With bitcoin prices following the stock market as of late, it's a reminder that the leading cryptocurrency is not immune to recession risks despite its classification as an alternative asset. In a July 2022 World Economic Outlook, the International Monetary Fund (IMF) forecasted a slowdown in global growth.

Bitcoin Prices Not Immune to Recession Risk

ProShares Short Bitcoin Strategy ETF

Global X Blockchain & Bitcoin Strategy ETF

WisdomTree Continuous Commodity Index Fund

A new breed of ETF debuted on the U.S. markets earlier this month when AXS Investments launched eight funds offering daily leveraged bull and bear bets on the direction of single companies.

Single-Stock Leveraged ETFs are Here, What Does it Mean for Crypto & Other Investors?

While leading cryptocurrency bitcoin could be rallying in the interim, miners who are feeling the pain of the first half sell-off are already licking their wounds. In the case of some miners, they're having to unload bitcoin in the current crypto market environment.

Bitcoin Rallies, but Miners Are Exiting Their Positions

The latest crypto sell-off may have shaved off a considerable number of retail investors, but institutional investors still have curiosity in the long-term potential of the crypto market. Venture capital firms, in particular, are harboring more interest in the leading cryptocurrency, bitcoin.

Bitcoin Retaining Its Appeal Among Venture Capital Firms

Grayscale Investments followed through on its promise to sue the U.S. Securities and Exchange Commission if regulators denied its bids to convert the $13 billion Grayscale Bitcoin Trust into an ETF or allow it to launch a standalone fund to hold bitcoin directly. In a letter to investors, the firm said the SEC is violating [.

Grayscale Sues Over SEC's Denial For Bitcoin Fund Conversion

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

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.

News for ProShares Bitcoin Strategy ETF ETF (BITO)