Proshares Ultra Bitcoin ETF Price & Performance (BITU)

Bitcoin and Ethereum ETFs have seen sharp declines recently, with Bitcoin ETFs like IBIT dropping 7.8% as fears of a recession and trade conflicts drive investors toward safer assets. Meanwhile, bond and dividend funds have gained traction, reflecting a shift in market sentiment towards risk aversion.12

The ProShares Ultra Bitcoin ETF (BITU) has triggered both buy and short trading signals at the resistance level of $37.2. Analysts suggest potential upside to $46.95 for buyers, while short traders may target $33.2. Stop-loss levels are advised to manage risks in this volatile environment.3

Leveraged ETFs, including single-stock options, continue to attract retail traders due to their potential for amplified returns. With $81 billion in assets, these products now account for nearly 8% of the ETF market, although experts warn of significant risks, particularly for long-term holders.4