ProShares Bitcoin Strategy ETF

ProShares Bitcoin Strategy ETF is an exchange-traded fund incorporated in the USA. The ETF seeks capital appreciation. There can be no assurance that the Fund will achieve its investment objective. The Fund does not invest directly in bitcoin. The Fund seeks to provide capital appreciation primarily through actively managed exposure to bitcoin futures contracts.

BITO actively manages a portfolio of front-month CME bitcoin futures.

The ProShares Bitcoin Strategy ETF ($BITO) is the first bitcoin futures ETF to trade on a major U.S. exchange.

Since it's a futures ETF, the fund holds futures contracts for bitcoin assets but does not hold bitcoin itself. Futures-based ETFs can be riskier than traditional ETFs, per the SEC.

Bitcoin ETFs allow investors to invest in the future of this cryptocurrency without investing directly. Proponents of bitcoin ETFs say that this broadens access to bitcoin to larger groups of investors who may not want to invest in bitcoin directly. 

One important consideration is that ETFs often come with management fees, and the approved Bitcoin Strategy ETF is no different, with a listed management fee of 0.95%.

The fact that the first bitcoin ETF is a futures ETF is important. There is a cost associated with “rolling” futures contracts and this means that a bitcoin futures ETF will not perfectly track the spot price of bitcoin.

Individual investors can already invest in bitcoin and as many as 13% of Americans have invested in crypto so far in 2021 according to one University of Chicago study.

In order for an ETF to become available to investors, it must be approved by the Securities and Exchange Commission (SEC) and registered under the Investment Company Act of 1940.

BITO saw about $1 billion of trading volume on its first day of trading, making it the second-most heavily traded ETF debut on record.

More than 24 million shares changed hands during its first trading day, according to data compiled by Bloomberg.

Bloomberg
Public.com/learn
University of Chicago

Coinbase

ARK 21Shares Bitcoin ETF

ARK Web x.0 ETF

Proshares Bitcoin & Ether Equal Weight Strategy Etf

Proshares Bitcoin & Ether Strategy Etf

Bitwise Bitcoin ETP Trust

Bitwise Bitcoin Strategy Optimum Roll ETF

Bitwise Crypto Innovators ETF

Global X Blockchain & Bitcoin Strategy ETF

Bitwise 10 Crypto Index Fund

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

Valkyrie Bitcoin Fund

Invesco Galaxy Bitcoin Etf

WisdomTree Bitcoin Fund

Valkyrie Bitcoin Strategy ETF

Bitwise Bitcoin And Ether Equal Weight Strategy Etf

Hashdex Bitcoin ETF

Franklin Bitcoin ETF

Fidelity Wise Origin Bitcoin Fund

Grayscale Bitcoin Trust

VanEck Bitcoin Trust

iShares Bitcoin Trust

Invesco Alerian Galaxy Crypto Economy ETF

Simplify US Equity PLUS GBTC ETF

Schwab Crypto Thematic ETF

Valkyrie Bitcoin Miners ETF

Vaneck Bitcoin Strategy ETF

The new spot Bitcoin ETFs are a low-cost, highly efficient way to capture the long-term price performance of Bitcoin. Investors who are not used to Bitcoin's high volatility might be tempted to react to short-term market swings.

The New Bitcoin ETFs Are a No-Brainer Way to Build Wealth, but Only If You Plan to Buy and Hold for the Long Term

Cryptos often have shown themselves to be correlated to other risk-sensitive assets, so it's not surprising that a surge in stocks has trickled down to tokens.

Bitcoin Bounces Back Above $40,000. Thank the S&P 500.

Marathon Digital Holdings

Riot Blockchain

Anticipating the U.S. Securities and Exchange Commission (SEC) approval of a Bitcoin ( BTC-USD ) ETF, the digital currency exploded from an October low of about $25,000 to a high of $49,954.  Investors were hopeful it would open the floodgates for retail and institutional interest.

3 Stocks to Sell as the Cryptocurrency Craze Fades

Proponents heralded the first Bitcoin exchange-traded funds as a sign that the largest cryptocurrency could soon be a portfolio mainstay. So far, investors don't seem to be buying the hype.

Why to Look Past the Bitcoin ETF Hype

Bitcoin fell below $40,000 for the first time since early December this week, continuing a more than 15% drop since the Securities and Exchange Commission approved 11 hotly anticipated Bitcoin exchange-traded funds almost two weeks ago.

Bitcoin Falls Below $40,000—Lowest Point Since ETF Approvals

Options on newly minted spot bitcoin ETFs could help investors manage risk and open the door to more institutional traders, according to experts.

Spot bitcoin ETFs are taking Wall Street by storm. Experts say options are next

BlackRock is leading inflows into spot bitcoin exchange-traded funds after about a week of trading, as investors weigh a group of similar ETFs that all launched on the same day.

Bitcoin ETFs just had their first week of trading. Here's who's winning and losing.

When the U.S. Securities and Exchange Commission approved the first bitcoin ETFs earlier this month, it marked a milestone in the legitimization and mainstream adoption of cryptocurrencies. I gathered a panel of experts across cryptocurrency investing, fintech research and policy analysis to unpack the deeper significance of this watershed moment.

Opinion: Bitcoin at $1 million. A rival to gold, bonds and the Fed. Bitcoin ETFs have turned these crypto analysts wildly bullish.

He defended the Grayscale Bitcoin Trust ETF's 1.5% fee. Most of the approved ETFs have fees of between 0.2% and 0.4%.

Grayscale CEO says most of the 11 approved bitcoin ETFs won't survive, defends highest fees in industry

Bitwise Ethereum Strategy Etf

ProShares Short Bitcoin Strategy ETF

Vaneck Ethereum Strategy Etf

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. We've also included XRP, as it was one of the largest cryptocurrencies when this series began.

Cryptocurrencies: Bitcoin Price Retreats to $43K

As for Bitcoin, I truly think the best is yet to come and sooner rather than later.

Spot Bitcoin ETFs are Here: What Went Wrong?

Crypto asset manager Bitwise said on Friday that $240 million flowed into its spot bitcoin exchange-traded fund (ETF), the most of the 10 such products that began trading on Thursday.

Bitwise bitcoin ETF draws most inflows on first trading day, company says

Proshares Ether Strategy Etf

After several years of uncertainty, spot bitcoin ETFs were finally approved by the SEC on January 10. The spot bitcoin ETF launch was monumental in several ways: Widening access to both retail and institutional investors Legitimizing bitcoin as an asset Setting precedence for high-profile ETF These are quick takeaways from the first (half) day post-launch.

Quick Takeaways From the Spot Bitcoin ETF Launch

Today, VettaFi hosts its free Cryptocurrency Symposium. The SEC approval of several spot bitcoin products means that the timing couldn't be better.

With New Spot Bitcoin Products, Today's Crypto Symposium Vital

Global X Robotics & Artificial Intelligence ETF

First Trust NASDAQ Cybersecurity ETF

Invesco China Technology ETF

SPDR Gold Trust

KraneShares CSI China Internet ETF

AdvisorShares Pure US Cannabis ETF

VanEck Vectors Oil Services ETF

SPDR S&P 500 ETF Trust

iShares 20+ Year Treasury Bond ETF

Yieldmax Tsla Option Income Etf

United States Natural Gas Fund LP

Global X Uranium ETF

Sprott Uranium Miners ETF

United States Oil Fund LP

Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. The first-ever spot bitcoin ETFs started trading in the U.S. on Thursday in a landmark moment for Wall Street and beyond.

What history says about first-of-a-kind ETFs as bitcoin products debut

Bitcoin ETFs trading in the U.S. has been in the works for a decade. Now that they are finally about to be here, I wanted to reflect and look forward.

Alleviating Advisors' Concerns About Crypto

Cryptocurrencies: Bitcoin Reaches 21-Month High

On Monday morning, no less than 10 firms made updated filings for spot bitcoin ETFs and each included expense ratios, sparking excitement in the industry. With approval of a spot bitcoin ETF considered imminent by many, the field for the first such product to launch is wide open.

Issuers Add Expense Ratios to Spot Bitcoin ETF Filings

The ETF industry is buzzing as long-awaited spot bitcoin ETFs are likely to get the green light from the SEC in the coming days. We expect trading of multiple products to begin soon after.

A Spot Bitcoin ETF is Coming Soon – Join VettaFi Event to Learn More

Cryptocurrency is once again poised to be the financial story of the year. Accordingly, VettaFi will be hosting the Cryptocurrency Symposium on January 12th at 11 am ET.

The Cryptocurrency Symposium Will Prepare Advisors in 2024

Cryptocurrencies: Bitcoin Finishes 2023 Up 155%

Investors seeking momentum may have ProShares Bitcoin Strategy ETF BITO on radar now. The fund recently hit a new 52-week high.

Bitcoin Strategy ETF (BITO) Hits New 52-Week High

Bitcoin had a strong performance in 2023, rising by roughly 156% and leading to speculation of a new all-time high in 2024. Investor interest in Bitcoin futures ETFs like BITO is surging, with its AUM doubling and total shares outstanding rising by 36% in recent months. BITO differs from Bitcoin as it owns Bitcoin futures without exposure to the spot market, creating inefficient taxation compared to direct long-term ownership.

BITO: 2024 May Be Bitcoin's 'Make Or Break' Year

Invesco QQQ

Schwab US Dividend Equity ETF

Pacer US Cash Cows 100 ETF

VanEck Morningstar Wide Moat ETF

2023 was a strong year for American and some European equities. In the US, the closely-watched S&P 500, Nasdaq 100, and Dow Jones ended the year at their all-time highs.

MOAT, COWZ, SCHD, SPY, QQQ, BITO: SWAN portfolio for 2024

Grayscale Bitcoin Trust was the Next Generation ETF's top holding just a month ago. But ARK has been trimming its position in recent weeks.

News for ProShares Bitcoin Strategy ETF ETF (BITO)