September 2025 Options Now Available For Proshares Bitcoin Etf (BITO)
Put Contract Analysis: The $17.00 put contract for BITO offers a potential cost basis of $14.45 after collecting a premium, presenting an attractive option compared to the current share price of $17.85, with a low chance (1%) of expiring worthless and a possible 15% return on cash commitment.
Call Contract Strategy: The $19.00 call contract allows investors to sell shares at a premium while potentially earning a total return of 9.24% if exercised; however, there is a 50% chance it could expire worthless, allowing investors to retain both their shares and the premium collected, resulting in a 2.80% additional return.
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Analyst Views on BITO
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ProShares Bitcoin Strategy ETF Falls 3.8%, While iShares Bitcoin Trust Declines 1.4%
Market Performance: ProShares Bitcoin Strategy ETF shares have decreased by 3.8%, while shares of Bitcoin Trust have fallen by 1.4%.
Investment Trends: The decline in these Bitcoin-related investments reflects broader market trends and investor sentiment towards cryptocurrencies.
RIOT PLATFORMS DECLINES BY 2.1%, MARA HOLDINGS FALLS BY 2%
Market Performance: Riot Platforms' stock has decreased by 2.1%.
Company Update: Marathon Holdings' stock has also seen a decline, down by 2%.
Two Bitcoin ETFs to Steer Clear Of—and One to Keep an Eye On for 2026
Market Performance: Over the past year, Bitcoin has seen a significant decline, losing nearly 15% since its peak in October 2025, while the financial sector has underperformed compared to other sectors in the S&P 500.
ETF Developments: The approval of the first spot Bitcoin ETFs in January 2024 has led to increased demand, with nearly $10 billion in inflows into Bitcoin exchange-traded products (ETPs) in 2025, despite the overall market challenges.
Expense Ratios: Bitcoin ETFs like the Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin ETF (BITO) have higher expense ratios compared to average actively managed ETFs, which may deter some investors despite their liquidity.
Investment Trends: Institutional investors have shown a strong preference for Bitcoin ETFs, with significant inflows surpassing outflows, indicating a growing interest in cryptocurrency exposure among traditional investors.
Bitcoin on Track for Fourth Consecutive Annual Loss: Potential Challenges for ETFs in 2026
Bitcoin's Yearly Decline: Bitcoin is experiencing its fourth consecutive yearly decline, currently down about 7% after a selloff, despite increased institutional adoption and political support. Prices have fluctuated between $74,421 and $126,296 in 2025.
Market Sentiment and Trading Volumes: The cryptocurrency market is struggling for direction with thin trading volumes, as Bitcoin's high correlation with tech stocks and investor skepticism, evidenced by significant withdrawals from Bitcoin ETFs, contribute to a cautious outlook.
Environmental Concerns: Bitcoin mining's substantial electricity consumption raises sustainability questions, especially as the AI boom increases energy demand. The potential for rising carbon emissions from crypto mining poses challenges in a net-zero world.
Political Factors and Future Outlook: Upcoming U.S. mid-term elections may impact Bitcoin's recovery, particularly if support for crypto-friendly policies declines. Analysts suggest Bitcoin could stabilize between $70,000 and $100,000 in the near term, while its market cap potential remains significant compared to gold.
BITO and CPNQ See Significant Inflows in ETFs
ETF Inflows: The Calamos Nasdaq - 100 Structured Alt Protection ETF - December saw the largest increase in inflows, adding 200,000 units, which represents a 40.0% rise in outstanding units.
Market Commentary: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Twenty One Capital's Bitcoin-Driven Launch Takes a Downturn as Shares Plummet
Company Overview: Twenty One Capital, Inc. began trading on the NYSE under the ticker XXI after merging with Cantor Equity Partners, positioning itself as a Bitcoin-focused public entity with a significant crypto treasury.
Bitcoin Holdings: The company holds over 43,500 Bitcoin, making it one of the largest public corporate holders, and plans to provide services related to Bitcoin, including capital markets advisory and educational media.
Ownership Structure: Tether and Bitfinex are majority stakeholders, while SoftBank Group holds a significant minority stake in the company.
Market Performance: Following its listing, Twenty One Capital shares experienced a decline of 23.13%, trading at $10.97 at the time of publication.
ProShares Bitcoin Strategy ETF Falls 3.8%, While iShares Bitcoin Trust Declines 1.4%
Market Performance: ProShares Bitcoin Strategy ETF shares have decreased by 3.8%, while shares of Bitcoin Trust have fallen by 1.4%.
Investment Trends: The decline in these Bitcoin-related investments reflects broader market trends and investor sentiment towards cryptocurrencies.
RIOT PLATFORMS DECLINES BY 2.1%, MARA HOLDINGS FALLS BY 2%
Market Performance: Riot Platforms' stock has decreased by 2.1%.
Company Update: Marathon Holdings' stock has also seen a decline, down by 2%.
Two Bitcoin ETFs to Steer Clear Of—and One to Keep an Eye On for 2026
Market Performance: Over the past year, Bitcoin has seen a significant decline, losing nearly 15% since its peak in October 2025, while the financial sector has underperformed compared to other sectors in the S&P 500.
ETF Developments: The approval of the first spot Bitcoin ETFs in January 2024 has led to increased demand, with nearly $10 billion in inflows into Bitcoin exchange-traded products (ETPs) in 2025, despite the overall market challenges.
Expense Ratios: Bitcoin ETFs like the Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin ETF (BITO) have higher expense ratios compared to average actively managed ETFs, which may deter some investors despite their liquidity.
Investment Trends: Institutional investors have shown a strong preference for Bitcoin ETFs, with significant inflows surpassing outflows, indicating a growing interest in cryptocurrency exposure among traditional investors.
Bitcoin on Track for Fourth Consecutive Annual Loss: Potential Challenges for ETFs in 2026
Bitcoin's Yearly Decline: Bitcoin is experiencing its fourth consecutive yearly decline, currently down about 7% after a selloff, despite increased institutional adoption and political support. Prices have fluctuated between $74,421 and $126,296 in 2025.
Market Sentiment and Trading Volumes: The cryptocurrency market is struggling for direction with thin trading volumes, as Bitcoin's high correlation with tech stocks and investor skepticism, evidenced by significant withdrawals from Bitcoin ETFs, contribute to a cautious outlook.
Environmental Concerns: Bitcoin mining's substantial electricity consumption raises sustainability questions, especially as the AI boom increases energy demand. The potential for rising carbon emissions from crypto mining poses challenges in a net-zero world.
Political Factors and Future Outlook: Upcoming U.S. mid-term elections may impact Bitcoin's recovery, particularly if support for crypto-friendly policies declines. Analysts suggest Bitcoin could stabilize between $70,000 and $100,000 in the near term, while its market cap potential remains significant compared to gold.
BITO and CPNQ See Significant Inflows in ETFs
ETF Inflows: The Calamos Nasdaq - 100 Structured Alt Protection ETF - December saw the largest increase in inflows, adding 200,000 units, which represents a 40.0% rise in outstanding units.
Market Commentary: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Twenty One Capital's Bitcoin-Driven Launch Takes a Downturn as Shares Plummet
Company Overview: Twenty One Capital, Inc. began trading on the NYSE under the ticker XXI after merging with Cantor Equity Partners, positioning itself as a Bitcoin-focused public entity with a significant crypto treasury.
Bitcoin Holdings: The company holds over 43,500 Bitcoin, making it one of the largest public corporate holders, and plans to provide services related to Bitcoin, including capital markets advisory and educational media.
Ownership Structure: Tether and Bitfinex are majority stakeholders, while SoftBank Group holds a significant minority stake in the company.
Market Performance: Following its listing, Twenty One Capital shares experienced a decline of 23.13%, trading at $10.97 at the time of publication.
