Happy Birthday BITO!

It’s been one year since ProShares Bitcoin Strategy (BITO), the first U.S. futures-based BTC ETF, launched. Since its launch, the fund has underperformed BTC by 1.79% and currently holds CME contracts equivalent to 32,520 BTC.
Source: ProShares

One year ago today, the first U.S. futures-based ETF launched. The launch was highly anticipated and likely a key source behind BTC’s strong rally in early October. Two days after launch, BITO became the fastest ETF ever to reach $1bn AUM.

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