Institutional demand for () is conspicuous by its absence at the end of the year, as the data points to the “poor performance” of the first exchange-traded fund (ETF) in the United States.
As noted by market commentator Holger Zschaepitz on December 29, the ProShares Bitcoin Strategy (BITO) ETF is now trading almost 30% below its price on its debut on the stock market.
Anticlimax Completes Year 2021 for ProShares ETF In a sign of the times regarding market stance towards Bitcoin, the hype that accompanied the launch of BITO in Q3 has largely faded.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Reference-es.investing.com
