Analysis: one year after launching, ProShares’ bitcoin ETF has lost ~$1.2B of investors’ money as its share price dropped by 70% (Steve Johnson/Financial Times)

Steve Johnson / Financial Times:
Analysis: one year after launching, ProShares’ bitcoin ETF has lost ~$1.2B of investors’ money as its share price dropped by 70%  —  BITO’s 70 per cent decline suggests it has burnt through $1.2bn of investors’ cash  —  One year after its record-breaking launch, the world’s …