Bitcoin Strategy ETF BITO, a lookback over its first year

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Bitcoin Strategy ETF BITO, a lookback over its first year

seekingalpha2022-10-26

The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) just celebrated its first birthday, with the fund launching on Oct. 18, 2021. It came to market with much fanfare as the first product to offer ...

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JuJulo
·2022-11-03
Not a very good stock.. price keep dropping
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It came to market with much fanfare as the first product to offer ...</p>\n\n<a href=\"https://seekingalpha.com/news/3895398-bitcoin-strategy-etf-bito-a-lookback-over-its-first-year\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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>Bitcoin Strategy ETF BITO, a lookback over its first year</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\">\nBitcoin Strategy ETF BITO, a lookback over its first year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 20:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3895398-bitcoin-strategy-etf-bito-a-lookback-over-its-first-year><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) just celebrated its first birthday, with the fund launching on Oct. 18, 2021. It came to market with much fanfare as the first product to offer ...</p>\n\n<a href=\"https://seekingalpha.com/news/3895398-bitcoin-strategy-etf-bito-a-lookback-over-its-first-year\">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":"BITO","symbol_name":"ProShares Bitcoin ETF","start_time":0,"source_url":"https://seekingalpha.com/news/3895398-bitcoin-strategy-etf-bito-a-lookback-over-its-first-year","article_id":"2278803802","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1320642147/image_1320642147.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2278803802","pubTimestamp":1666786876,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) just celebrated its first birthday, with the fund","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITO":"ProShares Bitcoin ETF"},"translate_title":"比特币策略交易所交易基金BITO，第一年回顾","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITO":0.9},"content_text":"The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) just celebrated its first birthday, with the fund launching on Oct. 18, 2021. It came to market with much fanfare as the first product to offer exposure to Bitcoin (BTC-USD) inside of an ETF wrapper. While BITO does not directly hold the actual digital token, it provided exposure to Bitcoin through the futures market. Here is a breakdown of the ETF's first year of existence: Returns: The returns that BITO have provided have been underwhelming as the exchange traded fund launched near the peak price of Bitcoin. BITO hit the market on October 18, 2021. On that day, Bitcoin opened at $61,369, which ended up being just shy of its all-time record high of $68,999 which was recorded on Nov. 10, 2021. BITO came out of the gates hot as a ETF, jumping 8.3% in less than a month. The fund reached its highest point to date on Nov. 10, when Bitcoin topped out. However, since that peak, it's been a downhill run as BITO is -71.7% from that mark. Since it launched, the fund is -69.3%. 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In related crypto news, Bitcoin has moved back above the $20,000 marker as the cryptocurrency now approaches its 100-day moving average.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9985271888,"gmtCreate":1667420149844,"gmtModify":1676537913621,"author":{"id":"4095601774578290","authorId":"4095601774578290","name":"JuJulo","avatar":"https://static.tigerbbs.com/bb473b3f2f568a71516662aa5b0c8320","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4095601774578290","authorIdStr":"4095601774578290"},"htmlText":"Not a very good stock.. price keep dropping&nbsp;","listText":"Not a very good stock.. price keep dropping&nbsp;","text":"Not a very good stock.. price keep dropping","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985271888","repostId":2278803802,"repostType":2,"repost":{"id":"2278803802","kind":"highlight","pubTimestamp":1666786876,"share":"https://ttm.financial/m/news/2278803802?lang=&edition=fundamental","pubTime":"2022-10-26 20:21","market":"us","language":"en","title":"Bitcoin Strategy ETF BITO, a lookback over its first year","url":"https://stock-news.laohu8.com/highlight/detail?id=2278803802","media":"seekingalpha","summary":"The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) just celebrated its first birthday, with the fund","content":"<html><body> <p>The <a href=\"https://laohu8.com/S/BITO\">ProShares Bitcoin Strategy ETF</a> (<span>NYSEARCA:BITO</span>) just celebrated its first birthday, with the fund launching on Oct. 18, 2021. It came to market with much fanfare as the first product to offer exposure to Bitcoin (BTC-USD<span>) inside of an ETF wrapper.</span></p> <p>While BITO does not directly hold the actual digital token, it provided exposure to Bitcoin through the futures market. Here is a breakdown of the ETF's first year of existence:</p> <p><b>Returns:</b> The returns that BITO have provided have been underwhelming as the exchange traded fund launched near the peak price of Bitcoin. BITO hit the market on October 18, 2021. On that day, Bitcoin opened at $61,369, which ended up being just shy of its all-time record high of $68,999 which was recorded on Nov. 10, 2021.</p> <p>BITO came out of the gates hot as a ETF, jumping <span>8.3%</span> in less than a month. The fund reached its highest point to date on Nov. 10, when Bitcoin topped out. However, since that peak, it's been a downhill run as BITO is<span> -71.7%</span> from that mark. Since it launched, the fund is <span>-69.3%</span>.</p> <p><b>Fund Flows:</b> Since its unveiling, the exchange traded fund has accumulated $3.24B of investor capital. While that is sizable in its own right, the number is also a little misleading, as almost 90% of that total came during its first feverish months of existence.</p> <p>Of the $3.24B total, $2.86B was amassed from its launch date to the fund's peak on Nov. 10. After the initial sizzle of the first month, BITO attracted a total of $352.52M from Nov. 18 2021 – Oct. 18 2022.</p> <p><em>Data is per </em><em>etfdb.com</em><em>.</em></p> <p><b>Competition: </b>BITO’s launch spurred a group of other Bitcoin strategy ETFs to come to market as well, which include the <a href=\"https://laohu8.com/S/BTF\">Valkyrie Bitcoin Strategy ETF</a> (<span>NASDAQ:BTF</span>) and the <a href=\"https://laohu8.com/S/XBTF\">VanEck Bitcoin Strategy ETF</a> (<span>BATS:XBTF</span>). BTF is lower in 2022 by <span>-56.3%</span> and XBTF is <span>-56.1%</span>.</p> <p>In related crypto news, Bitcoin has moved back above the $20,000 marker as the cryptocurrency now approaches its 100-day moving average.</p></body></html>","source":"seekingalpha","collect":0,"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>Bitcoin Strategy ETF BITO, a lookback over its first year</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\">\nBitcoin Strategy ETF BITO, a lookback over its first year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 20:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3895398-bitcoin-strategy-etf-bito-a-lookback-over-its-first-year><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) just celebrated its first birthday, with the fund launching on Oct. 18, 2021. It came to market with much fanfare as the first product to offer ...</p>\n\n<a href=\"https://seekingalpha.com/news/3895398-bitcoin-strategy-etf-bito-a-lookback-over-its-first-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1320642147/image_1320642147.jpg","relate_stocks":{"BITO":"ProShares Bitcoin ETF"},"source_url":"https://seekingalpha.com/news/3895398-bitcoin-strategy-etf-bito-a-lookback-over-its-first-year","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2278803802","content_text":"The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) just celebrated its first birthday, with the fund launching on Oct. 18, 2021. It came to market with much fanfare as the first product to offer exposure to Bitcoin (BTC-USD) inside of an ETF wrapper. While BITO does not directly hold the actual digital token, it provided exposure to Bitcoin through the futures market. Here is a breakdown of the ETF's first year of existence: Returns: The returns that BITO have provided have been underwhelming as the exchange traded fund launched near the peak price of Bitcoin. BITO hit the market on October 18, 2021. On that day, Bitcoin opened at $61,369, which ended up being just shy of its all-time record high of $68,999 which was recorded on Nov. 10, 2021. BITO came out of the gates hot as a ETF, jumping 8.3% in less than a month. The fund reached its highest point to date on Nov. 10, when Bitcoin topped out. However, since that peak, it's been a downhill run as BITO is -71.7% from that mark. Since it launched, the fund is -69.3%. Fund Flows: Since its unveiling, the exchange traded fund has accumulated $3.24B of investor capital. While that is sizable in its own right, the number is also a little misleading, as almost 90% of that total came during its first feverish months of existence. Of the $3.24B total, $2.86B was amassed from its launch date to the fund's peak on Nov. 10. After the initial sizzle of the first month, BITO attracted a total of $352.52M from Nov. 18 2021 – Oct. 18 2022. Data is per etfdb.com. Competition: BITO’s launch spurred a group of other Bitcoin strategy ETFs to come to market as well, which include the Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) and the VanEck Bitcoin Strategy ETF (BATS:XBTF). BTF is lower in 2022 by -56.3% and XBTF is -56.1%. In related crypto news, Bitcoin has moved back above the $20,000 marker as the cryptocurrency now approaches its 100-day moving average.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}