BITO


Markets

Trading Volume on Proshares Bitcoin ETF Tanks 75% as Focus Shifts to Spot ETFs

Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs.

A user tracks charts on an tablet with a keyboard and larger monitor in the background.

Markets

ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF

Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

Markets

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

BlackRock's IBIT saw the third-biggest inflow, though the data might be incomplete, analysts pointed out.

(Noah Silliman/Unsplash)

Videos

ProShares' Bitcoin Futures ETF Notches Biggest Weekly Inflow in a Year: Data

ProShares' Bitcoin Strategy ETF (BITO) recorded the highest weekly inflow in over a year, as bitcoin prices broke $30,000, according to data cited by Bloomberg senior ETF analyst Eric Balchunas. Investors poured $65 million into BITO in the past week, breaking a previous 2023 high of just over $40 million in April. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Markets

ProShares’ Bitcoin Futures ETF Underperforms BTC This Year: K33 Research

The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.

(K33 Research)

Markets

A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market by 1.8%

The underperformance has been far lower than estimated, thanks to the bear market.

BITO underperforms bitcoin's spot price. (Arcane Research, TradingView)

Videos

Total Crypto Assets Under Management at Lowest Level Since February 2021

Crypto seeing net outflows of almost $40 million last week with total assets under management dipping to about $36 billion at the lowest level since February 2021. Purpose Bitcoin ETF seeing massive outflows of almost 25,000 BTC on Friday, equivalent to a 51% decline. BITO flipping ProShares to become the largest bitcoin ETF provider. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Videos

Exploring Bitcoin’s Relationship With Fed Rate Hikes

Bitcoin’s price seems to drop as the Fed Fund Futures implied 12-month rate goes up, according to NYDIG data. Plus, insights on why ProShares’ bitcoin ETF (BITO) is climbing to a new all-time high after two straight days of massive inflows.

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Videos

CME Takes Over as Largest Bitcoin Futures Exchange as BITO Pushes Limits

New data reveals the Chicago Mercantile Exchange (CME) has replaced Binance as the world’s biggest bitcoin futures platform, thanks to the strong investor appetite for the recently launched ProShares Bitcoin Strategy ETF (BITO). "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Videos

Chris Giancarlo: 'Crypto is A Solution to Old, Expensive, Exclusive Existing Legacy System'

As bitcoin hits a 6-month high following the first U.S. bitcoin futures ETF "BITO" rising since its Tuesday trading debut, Chris Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), discusses where BITO fits among the larger regulatory picture in the U.S. within the SEC, CFTC, and Congress. Plus, his views on stablecoins, state issues around crypto lenders, and more.

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