Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months

Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months


Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last 64 days. Valkyrie’s bitcoin ETF has also shed 37% in value over the last two months.

Bitcoin Futures ETF Lull Continues

A large portion of the cryptocurrency community was very hyped up for years about the launch of the first bitcoin exchange-traded fund (ETF), as a number of bitcoin ETF applications were denied prior to 2021.

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Finally, when the first U.S. bitcoin futures ETF was approved, the debut of Proshare’s

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