It’s been a rough start for the ProShares Bitcoin Strategy ETF (BITO) as Cryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... has been in a period of uncertainty and volatility. The performance of BITO has fallen 70% since launch but demand for the fund still continues as loyal investors stick it out. The major falloff is due to the Bitcoin collapse earlier this year bringing the cryptocurrency down to around $20,000. Cumulative inflows of BITO showed more than $1.8 billion but as of Friday there is only $619 million left.