Stock Track | ProShares Ultra Bitcoin ETF Soars 8.55% on Prospects of Favorable Crypto Policies

Stock Track11-22

The ProShares Ultra Bitcoin ETF (BITU) skyrocketed 8.55% on Thursday, greatly outperforming the broader market in pre-market trading. This surge came amidst rising optimism around potential pro-cryptocurrency policies from the incoming Trump administration.

Bitcoin, the world's largest cryptocurrency, saw its price jump by around 4% on the day, hovering near the $97,000 level. This increase in the underlying asset likely drove the even sharper gains in BITU, an ETF that tracks twice the daily returns of bitcoin prices.

According to reports, the Trump team has been in talks with the digital asset industry about creating a new White House position focused on cryptocurrency policy. During his campaign, Trump promised to turn the U.S. into the "crypto capital of the planet" and explore the formation of a Strategic Bitcoin Reserve to counter Central Bank Digital Currencies (CBDCs).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1107506209?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-22 02:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1107506209","market":"hk","top_or_hot":-1,"title":"Stock Track | ProShares Ultra Bitcoin ETF Soars 8.55% on Prospects of Favorable Crypto Policies","media":"Stock Track","content":"<p>The ProShares Ultra Bitcoin ETF (BITU) skyrocketed 8.55% on Thursday, greatly outperforming the broader market in pre-market trading. This surge came amidst rising optimism around potential pro-cryptocurrency policies from the incoming Trump administration.</p>\n\n<p>Bitcoin, the world's largest cryptocurrency, saw its price jump by around 4% on the day, hovering near the $97,000 level. This increase in the underlying asset likely drove the even sharper gains in BITU, an ETF that tracks twice the daily returns of bitcoin prices.</p>\n\n<p>According to reports, the Trump team has been in talks with the digital asset industry about creating a new White House position focused on cryptocurrency policy. During his campaign, Trump promised to turn the U.S. into the \"crypto capital of the planet\" and explore the formation of a Strategic Bitcoin Reserve to counter Central Bank Digital Currencies (CBDCs).</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | ProShares Ultra Bitcoin ETF Soars 8.55% on Prospects of Favorable Crypto Policies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | ProShares Ultra Bitcoin ETF Soars 8.55% on Prospects of Favorable Crypto Policies\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-22 02:26 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ProShares Ultra Bitcoin ETF (BITU) skyrocketed 8.55% on Thursday, greatly outperforming the broader market in pre-market trading. This surge came amidst rising optimism around potential pro-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITU","symbol_name":"ProShares Ultra Bitcoin ETF","start_time":0,"source_url":"","article_id":"1107506209","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107506209","pubTimestamp":1732213588,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The ProShares Ultra Bitcoin ETF  skyrocketed 8.55% on Thursday, greatly outperforming the broader market in pre-market trading. This surge came amidst rising optimism around potential pro-cryptocurrency policies from the incoming Trump administration.Bitcoin, the world's largest cryptocurrency, saw its price jump by around 4% on the day, hovering near the $97,000 level. This increase in the underlying asset likely drove the even sharper gains in BITU, an ETF that tracks twice the daily returns o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITU":"ProShares Ultra Bitcoin ETF"},"translate_title":"股票跟踪ProShares Ultra比特币ETF因有利的加密货币政策前景而飙升8.55%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITU":1},"content_text":"The ProShares Ultra Bitcoin ETF (BITU) skyrocketed 8.55% on Thursday, greatly outperforming the broader market in pre-market trading. This surge came amidst rising optimism around potential pro-cryptocurrency policies from the incoming Trump administration.\nBitcoin, the world's largest cryptocurrency, saw its price jump by around 4% on the day, hovering near the $97,000 level. This increase in the underlying asset likely drove the even sharper gains in BITU, an ETF that tracks twice the daily returns of bitcoin prices.\nAccording to reports, the Trump team has been in talks with the digital asset industry about creating a new White House position focused on cryptocurrency policy. During his campaign, Trump promised to turn the U.S. into the \"crypto capital of the planet\" and explore the formation of a Strategic Bitcoin Reserve to counter Central Bank Digital Currencies (CBDCs).","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1107506209"}