Investors Stick With Bitcoin ETFs Despite Crypto’s Slump
(Bloomberg) -- Bitcoin is on pace for its worst monthly performance since May, but exchange-traded fund investors are still plowing money toward products that track the cryptocurrency’s futures. The ProShares Bitcoin Strategy ETF (ticker BITO) has taken in more than $40 million so far in December, its third straight monthly infusion, according to data compiled by Bloomberg. Similarly, investors have added $6.5 million to the Valkyrie Bitcoin Strategy ETF (BTF) since the end of November, also its third consecutive month of inflows.
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