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Crypto Update | BTC Price Fell Today After Fed Member Stated 'No Reason' To Halt Rate Hike Cycle and Student Loan Payments Will Resume This Year

Markets Outlook

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The Underperformance of ProShares Bitcoin Strategy ETF

ProShares Bitcoin Futures Exchange Traded Fund or ETF is increasingly underperforming Bitcoin this year, diminishing its appeal as a vehicle forbidding on BTC's price appreciation. Underperformance stems from the costs associated with the fund's structure. SEC has consistently denied applications so far to list exchange traded funds that would directly invest in whole Bitcoin despite industry players advocating there would be a superior product for consumers.

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