ProShares Bitcoin ETF Shares Drop Below 200-Day Moving Average
On Monday, shares of the ProShares Bitcoin ETF (Symbol: BITO) fell below their 200-day moving average of $21.08, trading as low as $20.78. Currently, BITO shares are down approximately 5.2% for the day.
The chart highlights BITO’s performance over the past year, showing a 52-week low of $16.11 and a high of $27.88. The most recent trade price was $20.96.
Investors may want to monitor other ETFs as several have also recently dipped below their 200-day moving averages.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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