ETF of the Week: ProShares Bitcoin Strategy ETF (BITO)

ETF Trends CEO Tom Lydon discussed the ProShares Bitcoin Strategy ETF (BITO) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

BITO is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid, and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. BITO does not invest directly in bitcoin, and the price and performance of bitcoin futures should be expected to differ from the current “spot” price of bitcoin.