ProShares' Bitcoin Strategy ETF BITO Underperforms BTC Price by 13.8% This Year: K33 Research
The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.
Vetle Lunde Bitcoin Etfs Chicago Mercantile Exchange Proshare Bitcoin Strategy Everything You Need Know About Bitcoin
Source: coindesk.com