Great ariticle, would you like to share it?

Before Bitcoin ETF Approval DeadlineIs, Why $BITO Outformed $GBTC?

@ETF Tracker
$ProShares Bitcoin Strategy ETF(BITO)$ vs. $Grayscale Bitcoin Trust (BTC)(GBTC)$ : Why BITO Leads AMEX Trading Volume as the Top Bitcoin ETF? Disclaimer: The information provided is for communication purposes and not intended as direct investment advice. 7 questions lead you to know the future of $ProShares Bitcoin Strategy ETF(BITO)$ $ProShares Bitcoin Strategy ETF(BITO)$ outperformed trading volume on the American Stock Exchange with a daily gain of 6.73% on Monday. The same time $Grayscale Bitcoin Trust (BTC)(GBTC)$ raised 4.94%. 1.Why $ProShares Bitcoin Strategy ETF(BITO)$ and $Grayscale Bitcoin Trust (BTC)(GBTC)$ increased? The U.S. Securities and Exchange Commission (SEC) has a deadline on Wednesday to decide whether to approve or reject the first batch of spot Bitcoin ETF applicants. Dollar $USD Index(USDindex.FOREX)$ steady, bitcoin holds gains before ETF approval deadline. 2.What holdings are in BITO? $ProShares Bitcoin Strategy ETF(BITO)$ is the first and largest U.S. bitcoin-linked ETF according to Bloomberg and based on assets under management as of 9/30/23. Investing involves risk, including the possible loss of principal. There is no guarantee any ProShares ETF will achieve its investment objective. Weight Description 54.25% CME BITCOIN FUT NON-EQUITY INDEX 23/FEB/2024 BTCG4 CURNCY 45.68% CME BITCOIN FUT NON-EQUITY INDEX 26/JAN/2024 BTCF4 CURNCY 0.06% S&P CME BITCOIN FUTURES DAILY ROLL INDEX SWAP W/SG SOCIETE GENERALE ProShares Bitcoin Futures ETF 'BITO' Sets New Record for BTC Holdings 3.Who are the largest shareholders of BITO? BITO - ProShares Trust - ProShares Bitcoin Strategy ETF Stock ... $ProShares Bitcoin Strategy ETF(BITO)$ has 166 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 18,692,188 shares. Largest shareholders include Goldman Sachs Group Inc, Jane Street Group, Llc, Susquehanna International Group, Llp, Acorns Advisers, LLC, Susquehanna International Group, Llp, Susquehanna International Group, Llp, Parallax Volatility Advisers, L.P., Ambassador Advisors, LLC, Citadel Advisors Llc, and Citadel Advisors Llc . 4.Is BITO a good stock to buy? $ProShares Bitcoin Strategy ETF(BITO)$ 's 50-day moving average is 19.41, which suggests BITO is a Buy. What is BITO's 200-day moving average? BITO's 200-day moving average is 15.54, which suggests BITO is a Buy. 5. Will BITO pay dividends? $ProShares Bitcoin Strategy ETF(BITO)$ has a dividend yield of 13.58% and paid $3.10 per share in the past year. The dividend is paid every month and the last ex-dividend date was Dec 20, 2023. 6. Is $ProShares Bitcoin Strategy ETF(BITO)$ or $Grayscale Bitcoin Trust (BTC)(GBTC)$ better? Volatility Comparison. $Grayscale Bitcoin Trust (BTC)(GBTC)$ has a higher volatility of 17.76% compared to $ProShares Bitcoin Strategy ETF(BITO)$ at 16.09%. This indicates that GBTC's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. 7.What is the future of BITO? Based on our algorithmically generated price prediction for ProShares Bitcoin Strategy ETF, the price of BITO is expected to decrease by 8.32% in the next month and reach $ 201.18 on Jan 29, 2024.
Before Bitcoin ETF Approval DeadlineIs, Why $BITO Outformed $GBTC?

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet