Trade of the Week: Bitcoin | Investors Alley

Trade of the Week: Bitcoin

May 23, 2023 6:11 am by Jay Soloff

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Some stocks are good for investing and others are better for trading. Bitcoin has become a popular trading instrument and may end up being at least somewhat uncorrelated with other asset classes. Currently, ProShares Strategy Bitcoin ETF (BITO) is a popular way to trade bitcoin (that uses bitcoin futures). Coming in June, the 2x Bitcoin Strategy ETF (BITX) will offer a leverage product for trading bitcoin. This could be a very useful instrument for those who like short-term trading.

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