From Oct. 19, when the ProShares ETF started trading, through Tuesday, BITO shares were down by 2.45%, based on a chart shared by Grayscale, the company that sponsors GBTC. Bitcoin was down 1% over the same period, and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group, which also owns CoinDesk.)
It’s BITO vs. GBTC vs. BTC as Bitcoin ETF Wars Heat Up
