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No crypto ETFs below RSI 30 despite Bitcoin drop
Seeking Alpha News (Fri, 6-Mar 3:30 PM ET)
ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts.
ProShares Bitcoin Strategy ETF trades on the stock market under the symbol BITO.
As of March 10, 2026, BITO stock price climbed to $9.65 with 143,591,553 million shares trading.
BITO has a beta of 0.51, meaning it tends to be less sensitive to market movements. BITO has a correlation of 0.05 to the broad based SPY ETF.
BITO has a market cap of $1.81 billion. This is considered a Small Cap stock.
In the last 3 years, BITO traded as high as $33.79 and as low as $8.61.
BITO has underperformed the market in the last year with a return of -9.6%, while the SPY ETF gained +18.8%. In the last 3 month period, BITO fell short of the market, returning -24.2%, while SPY returned -0.6%. However, in the most recent 2 weeks BITO has outperformed the stock market by returning +8.5%, while SPY returned -0.8%.
BITO support price is $9.21 and resistance is $9.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BITO shares will trade within this expected range on the day.