ProShares Bitcoin Strategy ETF (BITO)
After hours:
- Business Wire
ProShares Launches First ETF to Target 2x Daily Bitcoin Returns
BETHESDA, Md., April 02, 2024--ProShares is launching BITU, the first ETF to target 2x daily bitcoin returns, and SBIT, the first ETF to target -2x daily bitcoin returns.
- Moneywise
'Normalized corruption': RFK Jr. says Sam Bankman-Fried allegedly donating $100M of stolen funds to politicians, having charges dropped is worse than fraud itself. 3 legit ways to own crypto
Crypto's fallen hero will not face another trial.
- Yahoo Finance Video
ARK's crypto moves, Boeing, Mullen Automotive: Trending tickers
Cathie Wood's Ark Invest has made some changes in its Next Generation Internet ETF (ARKW), exiting its position in the Grayscale Bitcoin Trust (GBTC) and buying the ProShares Bitcoin Strategy ETF (BITO). Wood says that the move was made in case the Grayscale Bitcoin Trust conversion to an ETF is not approved by the Securities and Exchange Commission. In an interview with Yahoo Finance earlier this week, Wood says she expects the SEC to approve a number of spot bitcoin ETFs all at once when a deadline is reached next month. Boeing (BA) has urged airlines to inspect 737 Max jets over a potential loose bolt. EV startup Mullen Automotive (MULN) saw its stock jump after announcing delivery of 50 electric cargo vans to a dealership group for $1.7 million. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
