Since its debut, the long BTC futures-based ETF has underperformed bitcoin by 1.79%, according to data tracked by Arcane Research. In other words, the ETF, trading under the ticker BITO on NYSE, has bled slightly more than bitcoin, which has declined nearly 70% since the fund’s launch date of Oct 18, 2021, according to CoinDesk data.
Related posts
-
Bitcoin rally hinges on rate cut, Bitfinex exec says
U.S. macroeconomic uncertainty drove Bitcoin to a two-month low, but cooling inflation suggests that monetary policy... -
Bitcoin Closes CME Gap, Expert Predicts What Happens Next
Crypto expert Michael van de Poppe has highlighted an important indicator which suggests that Bitcoin could... -
Why Bitcoin could stay low until October: What analysts are saying
The crypto market is on edge as Bitcoin hovers around $57,000, showing several bearish signals that...