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First US Bitcoin ETF a 'dud' in 2021 as GBTC discount stays near record lows
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Bitcoin (BTC) institutional demand is conspicuously wanting at the end of the year as data flags the "underperformance" of the United States' first Bitcoin futures exchange-traded fund (ETF).
As noted by markets commentator Holger Zschaepitz on Dec. 29, the ProShares Bitcoin Strategy ETF (BITO) is now trading at nearly 30% below its launch price.
In a sign of the times regarding Bitcoin sentiment, the hype that accompanied BITO's launch in Q3 has died down considerably.
Going from record-breaking
Read more on cointelegraph.comAbout this in other media
Indian INX exchange reportedly plans to list Bitcoin futures ETF cointelegraph.com /2 years ago
Asia's first crypto ETF on the cards, to be launched in India by Torus Kling blockchain moneycontrol.com /2 years ago
More US First-Time Homebuyers Sell Crypto For Down Payment - Survey cryptonews.com /2 years ago
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