Bitcoin Dips Below $60K as ETF Enthusiasm Fades

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From Oct. 19, when the ProShares ETF began buying and selling, by way of Tuesday, BITO shares had been down by 2.45%, based mostly on a chart shared by Grayscale, the corporate that sponsors GBTC. Bitcoin was down 1% over the identical interval and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group, which additionally owns CoinDesk.)