Articles Related to BITO

Revisiting BITO Before The Coming Bull Market In Bitcoin

Latest article to hit Seeking Alpha soon:Grayscale Investments is locked in a battle with the SEC over turning its Bitcoin trust, symbol (GBTC), into a spot ETF. So far, the SEC has rejected Grayscale’s filings. They cited that manipulation of the spot Bitcoin market is hard to detect. But the SEC has already approved a Bitcoin futures ETF (BITO), which has a NAV directly derived from the same spot market. So Grayscale has taken its fight to the courts.Converting the fund into an ETF will give Grayscale the ability to keep the share value equal to the net asset value (NAV) of the Bitcoin held in the fund.
by Ryan Wilday - 1 year ago

What Is The Best Buy In The Crypto World Right Now?

Produced by Ryan Wilday with Jason Appel and Avi Gilburt On October 15th, 2021, the SEC approved the ProShares Bitcoin Strategy ETF (BITO). There has been a lot of pent-up demand for and excitement about a Bitcoin ETF since the heady days of 2017. That day finally arrived. The assumption was that an ETF would attract funds parked on the sidelines into the cryptocurrency asset class because it eases some of the regulatory issues and user experience challenges of trading Bitcoin spot. Finally the day arrives, four years later than the market expected, but Bitcoin prices have dropped ever since. However, our team expects much higher Bitcoin prices, maintaining our expectation for Bitcoin to exceed $100,000.
by Ryan Wilday - 2 years ago

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