Bitcoin Dips Below $60K as ETF Enthusiasm Fades

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From Oct. 19, when the ProShares ETF started trading, through Tuesday, BITO shares were down by 2.45%, based on a chart shared by Grayscale, the company that sponsors GBTC. Bitcoin was down 1% over the same period and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group, which also owns CoinDesk.)

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