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

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 world's largest cryptocurrency is Bitcoin, (BTC -0.14%) with a market valuation of nearly $1.9 trillion. And as of this writing, the price per Bitcoin isn't far from $100,000 -- it's a value that many didn't think was possible, especially just a couple of years ago.

Is a Bitcoin Sell-Off Imminent? History Suggests a Very Clear Answer.

AGNC Investment

Yieldmax Amzn Option Income ETF

ARMOUR Residential REIT

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

EPR Properties

Horizon Technology Finance

YieldMax MSFT Option Income Strategy ETF

YieldMax NFLX Option Income Strategy ETF

Yieldmax Arkk Option Income Etf

Orchid Island Capital

PennantPark Floating Rate Capital

YieldMax PYPL Option Income Strategy ETF

YieldMax Bitcoin Option Income Strategy ETF

Roundhill Bitcoin Covered Call Strategy ETF

YieldMax Universe Fund of Option Income ETFs

Imagine stocks and funds paying you dividends monthly! Your angst awaiting payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! These November U.S. exchanged monthly paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by yield (87); 2. Stock by price upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >10% (80); 4. 'Safer' Ideal-cash-rich (24). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. 5. Safer Equity Rankings, all per prices as of 11/22/24.

24 November Ideal 'Safer' MoPay Dividend Dogs From 87 Equities And 80 Funds

In late 2021, Semler Scientific, a promising Santa Clara-based medical technology company, was facing a world of trouble. Growth was slowing and the tiny company had just missed its Q3 revenue and earnings targets.

MicroStrategy Copycats Jump On The Bitcoin Bull

Crypto has been on a tear after the election. Bitcoin prices have edged back a bit after getting close to $100,000.

Bitcoin Flirted With $100,000. Can It Rise Higher?

Goldman Sachs Physical Gold ETF

GraniteShares Gold Shares

Invesco DB Precious Metals Fund

Invesco DB Gold Fund

SPDR Gold Trust

Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.

Stocks rise, Bitcoin and gold correct as markets respond to Trump policies

Bitcoin is trading stubbornly below the $100,000 mark, putting the brakes on a blistering post-election rally. The world's biggest cryptocurrency has risen over 40% since Nov. 5, the day of the U.S. election which saw Donald Trump re-elected as president.

Bitcoin's march to $100,000 stalls. Here's what's keeping it below the milestone

NEW YORK--(BUSINESS WIRE)--VanEck extends fee waiver for HODL; remains the only spot bitcoin exchange-traded product with a full sponsor fee waiver.

VanEck Extends Fee Waiver for HODL, VanEck Bitcoin ETF: the Only Zero-Fee* Option

The large-cap token has rallied since the election on the expectation that President-elect Donald Trump will slash crypto regulation.

Bitcoin Rises. Its Path to $100,000 Won't Be Smooth.

Ever since Donald Trump won the presidential election on Nov. 5, Bitcoin (BTC 0.13%) has been absolutely en fuego. The world's most popular cryptocurrency is now up 40% over the past two weeks, and seems to be hitting a new all-time high not just every day, but every hour.

Bitcoin Hits Another All-Time High on Trump's Election Win. Is There More to Come?

Bitcoin price closes in on $100,000 as postelection crypto rally continues. SEC Chair Gary Gensler to quit.

Bitcoin Looks Past $100K As SEC Chair Gary Gensler Plans To Step Down

Famed investor Jim Cramer continues to see upside in Bitcoin despite its massive year-to-date rally. Post-election optimism has sent Bitcoin price soaring to new highs of around $99,000 – and crypto-related stocks have rallied with it as well.

Jim Cramer says he'd prefer Bitcoin over MicroStrategy stock: here's why

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m.

Crypto First Sends Bitcoin To $100K. Will It Last?

A look at the day ahead in U.S. and global markets from Mike Dolan

Morning Bid: Euro/dollar stares at parity, Bitcoin eyes $100k

Bitcoin's price has surged since Donald Trump won the elections on Nov. 5. Now, investors are asking how much longer the rally can continue.

As bitcoin nears $100,000, investors ask whether the rally can last much longer

The large-cap token has climbed this week on the expectation that the incoming Trump administration will cut regulation.

Bitcoin Surges Toward Milestone. What Gensler's SEC Exit Will Mean for Crypto.

Gary Gensler, a critic of the cyrpto industry, will leave the US financial regulator on 20 January

Bitcoin rises after SEC chair says he is to step down when Trump is inaugurated

Bitcoin investors have eyes on the cryptocurrency as it nears the $100,000 barrier.

Bitcoin at record highs, sets sights on $100,000

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.

Bitcoin at record highs, sets sights on $100,000

Gold climbs, Bitcoin soars: Markets react to geopolitical and regulatory shifts

Invesco QQQ

iShares Silver Trust

United States Natural Gas Fund LP

United States Oil Fund LP

A Georgia-based brokerage has settled allegations that it and its president developed and sold a trading strategy that they did not understand and that caused near-total losses for 350 clients. The product in question was the Daily Inverse VIX Short-Term Exchange-Traded Note (XIV). Exchange-Traded Notes (ETNs) are essentially structured products that are issued as senior debt notes and trade as stocks. They have credit risk linked to the issuer which may or may not be the note's sponsor. Just because something is popularly called an ETF does not mean it is structured as an ETF. With leveraged ETFs and ETNs that use futures and complex structured notes, knowing exactly what is being traded is essential.

Georgia Broker-Dealer Learns Costly Lesson From FINRA On ETNs Vs. ETFs: A Discussion On ETF Construction And Effects On Risk And Taxes

Pennsylvania is stepping into the digital future with bold legislation aimed at solidifying its role as a leader in the emerging digital asset economy. On October 23, 2024, the Pennsylvania House of Representatives passed House Bill 2481—dubbed the “Bitcoin Rights” bill by Dennis Porter, co-founder of the Satoshi Action Fund—with a decisive 176–26 bipartisan vote.

Pennsylvania Passes Bitcoin Rights Bill, Proposes Strategic Reserve

The large-cap token has been racking up gains since Donald Trump won the U.S. election.

Bitcoin Price Races Toward $100,000 Milestone.

Market indexes initially fell due to Russia-Ukraine tensions but rebounded as focus shifted to fundamentals, with technology stocks leading the way. Nvidia's anticipated strong earnings and Bitcoin's surge due to President-elect Trump's support highlight investor enthusiasm, despite my skepticism about cryptocurrencies.

Focus On Walmart Over Nvidia And Bitcoin

Can Bitcoin hit $1.5 million in 5 years? Cathie Wood just shared an optimistic outlook on the future of cryptocurrency.

Cathie Wood Just Delivered Fantastic News for Bitcoin Investors

The stars appear to be aligning for the crypto industry ahead of the Donald Trump's second term in office.

News for ProShares Bitcoin Strategy ETF ETF (BITO)