ProShares Bitcoin Strategy ETF Price & Performance (BITO)

The ProShares Bitcoin ETF (BITO) closed Thursday at $18.51, up 0.87%, with trading volume dropping to 3 million shares. Despite recent gains, technical indicators suggest a negative short-term trend, with forecasts predicting a potential 30% decline over the next three months. Investors are advised to monitor closely for volatility.12

On April 17, the Grayscale Bitcoin Trust (GBTC) reported zero net flow, signaling possible market consolidation. In contrast, ProShares Bitcoin Strategy ETF (BITO) attracted $2 million in net inflows. Meanwhile, Bitcoin hovered at $65,000 with a 10% drop in trading volume, indicating reduced overall market activity and shifting investor preferences.3

ProShares is leveraging XRP's recent surge by launching new XRP futures ETFs, set for release on April 30. This move coincides with growing optimism among XRP holders and speculation about significant market moves, as anticipation builds for regulatory developments and increased institutional participation in XRP-focused investment products.456