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re: Official CryptoTalk Thread
Posted on 5/16/24 at 7:09 pm to tenderfoot tigah
Posted on 5/16/24 at 7:09 pm to tenderfoot tigah
quote:
Can BITO go to 0 or have a massive drop relative to BTC price?
If Bitcoin goes up, BITO goes up. If Bitcoin goes down, BITO goes down. BITO tracks Bitcoin very much like the Spot Bitcoin ETFs, but like all derivatives it usually does experience a small degree of decay every time ProShares rolls it's current futures contracts to new futures contracts (typically monthly or more). The recent monthly distributions way more than make up for the annual fee (0.95%) and decay.
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