Market News / Story
Bitcoin Slips Below $84K, Traders Are Watching BITO And IBIT
Benzinga ·
Benzinga reports: Bitcoin-linked ETFs were among the most actively traded funds Wednesday as a sharp pullback in Bitcoin sent both the ProShares Bitcoin Strategy ETF (NYSE:BITO) and iShares Bitcoin Trust ETF lower. Both BITO and IBIT were down more than 3%, seeing substantial trading activity, underscoring how quickly investors have been repositioning as Bitcoin retreats from the $87,000 area. IBIT trading volume reached 35.6 million shares on Wednesday, indicating robust activity and…