The S&P 500 ( SPX ) snapped a five-week successful streak final week, but it surely’s nonetheless on observe for the primary half of the 12 months with features of practically 13%. The tech business fared a lot better about 29%. Each of those indices outperformed (BTC), which grew by nearly 83 p.c through the 12 months.
Bitcoin’s sharp value motion and the latest rush by a number of companies to use for a Bitcoin exchange-traded fund appear to have caught the eye of institutional traders. Bloomberg Senior ETF Analyst Eric Balchun on June 26. identified that the ProShares Bitcoin Technique ETF (BITO), a Bitcoin futures fund, has witnessed it. the best weekly move of the 12 months.
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