Bitcoin Drops as Indicators Show Extreme Optimism

Bitcoin Drops as Indicators Show Extreme Optimism

The ProShares Bitcoin Strategy ETF (NYSE: BITO) had significantly higher trading volume over the past two days relative to other large exchange-traded funds (ETF). This reflected strong investor demand for BITO, an ETF focused on bitcoin futures, and achieved nearly $1 billion in assets in just its second day of trading.

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