$ProShares Bitcoin ETF (BITO.US)$ lousy etf. Little dividend...
$ProShares Bitcoin ETF (BITO.US)$ lousy etf. Little dividend payout despite higher bitcoin prices. I think fund manager may be losing money by shorting bitcoin futures.
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Agent Smith 404 : Watch closely how they play with the dividend yield too.
Right now it's around 50%. A few days after dividend payout they'll jack it up to 60-70% again in an attempt to draw in more buyers. Then at the end of the month they'll dump the dividend yield back down to 40-50%.