BITO: Useful For Bitcoin Options, Better Alternatives Exist For Spot
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The BITO ETF, which tracks Bitcoin via CME futures, is currently underperforming compared to spot Bitcoin ETFs like IBIT due to its structure leading to high dividends. This makes BITO more suitable for short-term options rather than long-term investments.

November 13, 2024 | 12:30 am
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BITO ETF, tracking Bitcoin via CME futures, is underperforming compared to spot Bitcoin ETFs due to high dividends, making it more suitable for short-term options.
BITO's structure results in high monthly dividends, which negatively impact its price performance compared to spot Bitcoin ETFs. This makes it less attractive for long-term investors and more suitable for short-term options trading.
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