BITO, the ProShares Bitcoin Strategy ETF, surged to an all-time high with over $2 billion in assets by January 8, 2024. Simeon Hyman highlighted Bitcoin's consistent uptrend amidst challenges. BITO's growth signifies increasing investor interest in Bitcoin-related investments and the broader acceptance of cryptocurrencies in the market.
Huang BoProShares CEO Michael Sapir stated that the new ETF was created specifically to help people short ETH.
ClementThe ProShares short Bitcoin ETF had a slow first day of trading, but it wasn't a big deal, and volume surged 380% the next day.
CointelegraphPer a press release, investment giant ProShares will launch a new Bitcoin-linked Exchanged Traded Fund (ETF) in the United States. ...
BitcoinistThe ETF will allow U.S. investors to bet against BTC using futures contracts given the cryptocurrency’s performance in a single day, as measured by the CME Bitcoin Futures Index.
CointelegraphThe ProShares Bitcoin ETF broke an 18-year record as the fastest fund to reach $1 billion in assets under management.
CointelegraphDespite BTIO’s growing inflows totaling $1.4 billion since the end of October, one expert puts the odds of VanEck’s bitcoin spot ETF being approved by the SEC at 1 in 200.
CointelegraphThe asset manager said it would buy “exchange-traded protective puts” and sell “exchange-traded calls on bitcoin futures and/or bitcoin-related ETFs.”
CointelegraphThe exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day.
CointelegraphThe asset manager said it would purchase “exchange-traded protective put options” and write “exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”
Cointelegraph