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First US Bitcoin ETF a ‘dud’ in 2021 as GBTC discount stays near record lows -Breaking

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© Reuters.

(BTC) institutional demand is conspicuously wanting at the end of the year as data flags the “underperformance” of the United States’ first Bitcoin futures exchange-traded fund (ETF).

As Not notedHolger Zschaepitz (markets commentator) reported that ProShares Bitcoin Strategy ETFs (BITO), is currently trading nearly 30% below the launch price.

ProShares Bitcoin Strategy ETF (BITO) vs. normalized chart. Source: Holger Zschaepitz/Twitter
GBTC Price vs. Holdings vs. GBTC Premium Chart. Source: Coinglass