Bitcoin Dips Beneath $60K as ETF Enthusiasm Fades

From Oct. 19, when the ProShares ETF began buying and selling, by Tuesday, BITO shares have been down by 2.45%, primarily based on a chart shared by Grayscale, the corporate that sponsors GBTC. Bitcoin was down 1% over the identical interval and GBTC was up 7.5%. (Grayscale is a unit of Digital Foreign money Group, which additionally owns CoinDesk.)

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