BITO News and Press, ProShares Bitcoin Strategy ETF From 05/16/24

2024-05-16 07:54:18 ET Summary ProShares launched several bitcoin-related ETFs, including the ProShares Bitcoin Strategy ETF and the ProShares Short Bitcoin Strategy ETF. BITO invests in bitcoin futures and has seen exceptional performance, slightly underperforming its benchmark i...

2024-05-15 05:45:44 ET Summary Bitcoin's daily active users have fallen to a level not seen in over four years. The overwhelming majority of Coinbase's Q1 volume came from institutional traders rather than retail. As BTC matures as an asset, it will behoove investors to remain...

2024-05-14 00:15:00 ET Summary While oversimplifying any formula in the financial markets tends to backfire more often than not, good inflation numbers tend to deliver new highs for the S&P 500. My thesis is that we put in a bottom in April, which should, hold with a dovish Fe...

2024-05-10 09:24:20 ET Summary Bitcoin topped out in mid-March at USD 73,793 and has pulled back significantly since then. Bitcoin and Nasdaq are strongly correlated, hence expect both asset classes to grind lower during the seasonal rather weaker summer months into the typical bo...

2024-05-06 15:20:00 ET Summary In April, March’s euphoria faded into a downward price grind for digital assets and produced Bitcoin’s first negative return in eight months. Smart contract platforms, excluding Bitcoin, fell 28% on the month while trading volumes and o...

2024-05-05 06:20:00 ET For investors looking for clues as to the future price trajectory of Bitcoin (CRYPTO: BTC) , it's worth keeping an eye on Cathie Wood of Ark Invest . While she's well-known for her $1 million price forecasts for Bitcoin, she has also emerged as one of the ...

2024-05-03 15:40:00 ET Summary The immediate aftermath of the bitcoin halving has seen a slight dip in price by 2% over the last 30 days, settling at $66,472. The annualized cost to roll Bitcoin Futures decreased 31% to 15%, indicating a significant reduction in market leverage an...

2024-05-02 11:34:22 ET More on ProShares Bitcoin Strategy ETF BITO: Ideal For Bitcoin Options Trading, Avoid Otherwise BITO: A Strong Buy Ahead Of The Halving BITO: Speculation Likely To Continue Seeking Alpha’s Quant Rating on ProShares Bitcoin Strate...

2024-04-29 19:08:53 ET Summary After a one-year upside of 275%, the Grayscale Bitcoin Trust ETF (GBTC) seems to be taking a breather and lost around 8% during the last month. The demand-supply equation behaving irrationally, the mining hash rate seemingly having reached a top and ...

2024-04-29 15:06:00 ET Summary Europe is the second-largest cryptocurrency economy in the world, accounting for 17.6% of global transaction volume. With the crypto clampdowns in Asia, the digital asset drama in 2022 and continuing regulatory sanctions in the U.S., European crypto ...