On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […]
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Despite Warren’s Concerns, Senate Passes Crypto Bill Allowing Banks to Hold Bitcoin
U.S. Senator Elizabeth Warren has called on the Senate to vote against proposed legislation allowing highly regulated financial firms to...