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BITO: Bitcoin Bear Market Begins As Excess Liquidity Dries Up
BITO has delivered positive returns since I last covered it, but it has faced significant losses in recent weeks, as Bitcoin appears to enter a bear market. Assuming Bitcoin lacks fundamental use value as a fiat alternative, its returns appear driven by excess liquidity in the financial market. COVID-era stimulus created immense excess financial market liquidity, most of which has dried up, causing speculative assets like Bitcoin to stagnate.
Seekingalpha | 2 years ago
ProShares Debuts Leveraged/Inverse Ether ETFs
On Friday, ProShares rolled out two ETFs offering 2x leveraged and 2x inverse exposure to the performance of ether, respectively. The ProShares Ultra Ether ETF (NYSE Arca: ETHT) and ProShares UltraShort Ether ETF (ETHD).
Etftrends | 2 years ago
