The S&P 500 Is Down 2.5% But These 3 Bitcoin ETFs Didn’t Get the Memo

Quick Read iShares Bitcoin Trust (IBIT) gained 5.43% and Bitwise Bitcoin ETF (BITB) gained 5.4% over the past month by holding actual Bitcoin directly, while ProShares Bitcoin ETF (BITO) captured a 5.08% gain using futures contracts with a higher 0.95% expense ratio that introduces structural roll drag costs. IBIT holds $50B in assets with a 0.25% fee, BITB holds $2.6B with a 0.20% fee, and BITO generated a 0.95% dividend yield but has underperformed Bitcoin by 12.67% since launch in October 2021 due to ...