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

SPDR Gold Trust

iShares Gold Trust

Schwab US TIPS ETF

iShares TIPS Bond ETF

Take a look at some ETF areas that can be considered good investment options amid the rising inflation concerns.

ETF Trades to Combat Hot Inflation Data

Valkyrie Bitcoin Strategy ETF

Months after VanEck's spot bitcoin ETF was submitted, it has been rejected by the SEC. The SEC's ruling said, “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission's Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), in [.

SEC Rejects VanEck Spot Bitcoin ETF

US Global Jets ETF

On Monday, ETF Trends CIO and Director of Research Dave Nadig was on hand for the TD Ameritrade Network to discuss what's happening with the equity market with host Tom White. As stated, looking at equity markets, they are at or near all-time highs.

TD Ameritrade: Dave Nadig Talks BITO, JETS & The Equity Market

Global investment firm JPMorgan reaffirmed its forecast of bitcoin reaching the $146,000 price level as the digital currency continues to substantiate its “digital gold” moniker. The leading cryptocurrency reached an all-time high in the month of October, pushing past $60,000.

JPMorgan Eyes $146,000 Price for Bitcoin

Grayscale Bitcoin Trust

ETFs based on Bitcoin futures may not be suitable for most investors, as they are highly volatile in the short run. But these three stand out.

3 Bitcoin ETFs to Give Investors A Taste of the Hot Crypto

The first US Bitcoin ETF imposes a heavy penalty on investors. Bitcoin futures prices are well above equilibrium.

BITO: Stay Away From Bitcoin ETFs

Johnson & Johnson

Coca-Cola

Lennar

Altria

Microsoft

Newmont Mining

Hyperinflation may not be imminent, but hedging against inflation is a wise move. These stocks and ETFs make that possible.

7 Stocks to Set Your Sights on as the ‘Hyperinflation' Debate Stirs Up

Middle-market financial advisors could help drive demand for cryptocurrency-based exchange-traded funds, says ETF Trends CEO Tom Lydon.

This $20 trillion corner of investing could drive the lion's share of crypto ETF demand, CEO says

“1993 is remembered for the first equity ETF, 2002 for the first bond ETF, and 2004 for the first gold ETF. 2021 will be remembered for the first cryptocurrency-linked ETF”.

Bitcoin Futures ETFs – Fees, Roll Costs, & Bridges

Coinbase

PayPal

Block

The bitcoin ETFs will spur billions of dollars managed by pension funds, retirement and tax-saving accounts and other large investors into the sector, resulting in ample liquidity.

What You Should Know About Bitcoin ETFs

Vaneck Bitcoin Strategy ETF

October 2021 will be long-remembered in the investing world for the launch of bitcoin futures ETFs.

October to See 3 Bitcoin Futures ETFs? Let's Explore (Revised)

Bitwise Crypto Innovators ETF

Amplify Transformational Data Sharing ETF

VanEck Vectors Digital Transformation ETF

October to See 3 Bitcoin Futures ETFs? Let's Explore

The ProShares Bitcoin Strategy ETF (BITO) came catapulting into the ETF space last week, breaking records and setting new precedents as crypto interest was directly reflected in the massive grassroots movement behind the bitcoin futures ETF. BITO broke the $1 billion in assets under management threshold in only two days, breaking the old three-day record [.

BITO Craze May Have Settled But Trading Volumes Reflect Continued Interest

With ProShares' Bitcoin Strategy ETF (BITO) now out in the world, the gates are open for more to follow. CNBC's Bob Pisani was joined on “ETF Edge” by ETF Trends' CEO Tom Lydon and Steve McClurg, CIO of Valkeryie funds, about the Valkyrie Bitcoin Strategy ETF (BTF) and what to keep an eye on in the coming months when [.

ETF Edge: Tom Lydon Talks Bitcoin Strategy Funds

ProShares Bitcoin Strategy ETF began trading on 10/19/2021 as the first ETF for cryptocurrency in the United States.

ProShares Bitcoin ETF Vs. Grayscale Bitcoin Trust: How To Compare These

Recently, I wrote an article in which I was enthusiastic about Bitcoin ETFs, and more specifically BITO.

BITO: Changing My Stance On Bitcoin ETFs, Contango Bleed Will Eat You Alive

"Contango in the BTC futures curve can impose a drag on performance for these funds due to the futures carry cost," JPMorgan explained.

The red-hot new bitcoin ETF could get too big for its own good and warp the futures market, JPMorgan says

The crypto world has been buzzing since the launch of the first U.S. bitcoin futures ETF, the Proshares Bitcoin Strategy ETF (BITO). The price of bitcoin is on a torrid run, up over $60,000 — a far cry from the July low of $35,080.56 and its humble $0.05 July 2010 nadir.

As Crypto Investment Takes the Spotlight, Expect Greener Digital Infrastructure

Tuesday, October 19, marked the official launch of the new ProShares Bitcoin Strategy ETF.

Bitcoin Strategy ETF Makes Presence Felt In Weekly Inflows

Today's news of the fee schedule of the incoming VanEck Bitcoin Strategy ETF has investors considering this new Bitcoin ETF today. The post Which Bitcoin ETF Is Best?

Which Bitcoin ETF Is Best? Why VanEck's XBTF Could Dethrone BTF and BITO.

Ink is spilling about bitcoin replacing gold. The launch of the ProShares Bitcoin Strategy ETF (BITO) on Tuesday and today's debut of the Valkyrie Bitcoin Strategy ETF (BTF) have some investors, such as Social Capital founder Chamath Palihapitiya, eager to declare that gold has been replaced.

Bitcoin Is Not a Replacement for Gold

ProShares Bitcoin Strategy ETF (NYSE:BITO) is about to hit the limiter, after racing to US$1bn of assets under management in a matter of days.  The Exchange Trade Fund (ETF) is currently holding 1,900 future contracts for the month of October alone, which becomes problematic as the limit, set by Chicago Mercantile Exchange (CME) is 2,000 for front month future contracts.

ProShares ‘BITO' nearing contracts limit

It is only three days since ProShares Bitcoin Strategy ETF (BITO) was launched and it is already overwhelmed by contracts. Out of the 2,000 futures contracts that the Chicago Mercantile Exchange (CME) permits it to hold, only 100 contracts are left for grabs since 1,900 futures contracts have already been opened.

ProShares Bitcoin Strategy ETF (BITO) fast approaching the max contracts it can hold in the first month

SPDR Dow Jones Industrial Average ETF

iShares iBoxx High Yield Corporate Bond ETF

iShares 3-7 Year Treasury Bond ETF

iShares U.S. Real Estate ETF

SPDR Bloomberg High Yield Bond ETF

SPDR S&P 500 ETF Trust

ProShares Ultra S&P 500

iShares 20+ Year Treasury Bond ETF

ProShares UltraPro QQQ

Financial Select Sector SPDR Fund

During Refinitiv Lipper's fund flows week ended October 20, 2021, investors were overall net purchasers of fund assets for the first week in three, adding $11.6 billion. Exchange-traded equity funds recorded $11.7 billion in weekly net inflows. This is the macro group's third straight week of inflows.

U.S. Weekly FundFlows Insight Report: Investors Return To Funds After 2 Straight Weeks Of Redemptions

MicroStrategy Incorporated

MicroStrategy Inc (MSTR) fell 2.7% on Tuesday during the launch of the ProShares Bitcoin Strategy ETF (BITO).

News for ProShares Bitcoin Strategy ETF ETF (BITO)