Tag: ProShares Bitcoin Strategy ETF

  • How to Trade Bitcoin Downside

    How to Trade Bitcoin Downside

    After exploding from about $27,500 to a recent high of $52,985, Bitcoin has become technically stretched on RSI, MACD, and Williams’ %R. And, after a run like it’s had, BTC is overdue for a breather from current overbought conditions. One way to trade further potential downside is with the ProShares Short Bitcoin (BITI). This one…

  • Top Ways to Trade the Latest Bitcoin Rally

    Top Ways to Trade the Latest Bitcoin Rally

    Bitcoin (BTC) is exploding again. And as long as that lasts, you may want to jump into its beneficiaries, including the mining stocks (Marathon Digital and Riot Platforms) and even stocks in companies with significant BTC holdings, including MicroStrategy (MSTR). Even the ProShares Bitcoin Strategy ETF (BITO) should push aggressively higher. Part of the reason…

  • Cathie Wood’s ARK Invest Just Took a Big Position in BITO

    Cathie Wood’s ARK Invest Just Took a Big Position in BITO

    For quite some time, we’ve been talking about using the ProShares Bitcoin Strategy ETF (BITO) to benefit from the rise of Bitcoin (BTC). We’ve noted, “BITO mimics the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money, “Like all crypto ETFs, part of the allure of BITO…