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A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market By 1.8%

Since its debut, the long BTC futures-based ETF has underperformed bitcoin by 1.79%, according to data tracked by Arcane Research. In other words, the ETF, trading under the ticker BITO on NYSE, has bled slightly more than bitcoin, which has declined nearly 70% since the fund’s launch date of Oct 18, 2021, according to CoinDesk data.