ADVERTISEMENT
Investors Stick With Bitcoin ETFs Despite Crypto’s Slump
Bitcoin is on pace for its worst month since May, but ETFs are still plowing money into products that track the crypto’s futures.
30 Dec 2021, 11:51 AM IST 
(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.
©2021 Bloomberg L.P.