According to Michael Sonnenshein, CEO of cryptocurrency asset management company Grayscale, the performance of the first Bitcoin exchange-traded fund ProShares Bitcoin Strategy ETF (BITO) does not seem to be as expected during the first week of listing, and has fallen by 0.51%; The Bitcoin Trust Fund GBTC rose 8.78%.
In terms of trading volume, the nominal trading volume of BITO on October 26 was US$286 million, while the nominal trading volume of GBTC was US$374 million.