ProShares Bitcoin Strategy ETF lacks a true income strategy as 77% yields erode NAV. Performance trails IBIT due to fees.
BETHESDA, Md.--(BUSINESS WIRE)-- ProShares, a premier provider of ETFs and the largest provider of bitcoin-linked ETFs* in the United States, announced today that its new short bitcoin strategy fund ...
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Galaxy Bitcoin Index. The index is ...
After dipping below $30,000 in June, Bitcoin (BTC) went on a nearly four-month rally, appreciating by more than 100%. On Friday, it was able to recapture the $60,000 level after closing the day with a ...
With Bitcoin trading just below all-time highs, there is fresh attention on the world's first and largest cryptocurrency.
I am downgrading ProShares Bitcoin ETF to sell, anticipating underperformance during a projected crypto bear market. The historical cycle analysis and bearish technical signals suggest Bitcoin may ...
BITO has dropped 52% year-to-date while Bitcoin fell only 25% from its November peak due to futures contango costs. The fund’s futures-based structure creates persistent underperformance. Rolling ...
As Wall Street treats gold and silver as the latest market celebrities, consider this options trade and an inverse ETF.