ProShares Bitcoin Strategy ETF


Markets

ARK Sells Last of Its ProShares Bitcoin Futures ETF Shares

The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday's closing price of $28.22 from its Next Generation Internet ETF (ARKW)

Ark Invest CEO Cathie Wood

Markets

ARK Bought $62.3M Worth of Own ETF in Last Week; Sold $42.7M of BITO

ARKW now holds $91.4 million of ARKB, constituting a 5.98% weighting of the fund's total value

Ark Invest CEO Cathie Wood

Finance

Cathie Wood's ARK Invests in ProShares Bitcoin ETF After Dumping Grayscale Holdings

The investment fund bought $9.2 million worth of BITO shares and also sold $27.6 million worth of Coinbase stock.

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

Markets

ProShares Says Bitcoin ETF Has Matched BTC Price Closely, 'Roll Cost' Concerns Are Unwarranted

Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

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)

Videos

Bitcoin Below $19K, Lowest Point in 2 Months

Bitcoin (BTC) fell as low as $18,680 Tuesday morning to a point not seen since late June amid a broader market sell-off. AdvisorShares CEO Noah Hamman discusses the potential factors driving prices lower. Plus, how the AdvisorShares Managed Bitcoin Strategy ETF (CRYP) compares to the ProShares Bitcoin Strategy ETF (BITO).

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Videos

Bitcoin Recovers Above $20K as Short ETF Sees Record $51M in Weekly Inflows

Bitcoin (BTC) remains rangebound between the $18,000 and $21,000 levels as institutional traders pile on the ProShares Short Bitcoin Strategy ETF (BITI). Arca Portfolio Manager David Nage shares insights into BTC’s resilience amid macro headwinds and “carnage” in the crypto markets. Plus, what makes this crypto winter the first of its kind.

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Videos

Investors Pile Into Short Bitcoin ETF Betting on Prices to Fall

The ProShares Short Bitcoin Strategy ETF, a recently launched short bitcoin ETF designed to profit investors who bet on BTC price falling, is now the second-largest bitcoin-focused ETF in the U.S. market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Finance

Micro-Investing App Acorns Adds Bitcoin Exposure Option

Users of the savings and investment platform can now allocate up to 5% of their accounts to the ProShares Bitcoin Strategy ETF.

(Alexander Klarmann/Unsplash)

Videos

ProShares Bitcoin Futures ETF ‘BITO’ Rises 3% in Public Debut on NYSE

The ProShares Bitcoin Strategy ETF has charted the first bitcoin futures ETF in the U.S. under ticker symbol "BITO" on the New York Stock Exchange (NYSE). Trading volumes appear strong, with at least 1.5 million ETF shares changing hands in the first couple of hours. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

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