I can't compare them on the same software. I can view Bitcoin, and I can view BITO yet I can't compare them.
Seems like they're pretty close. Appears like there were some arb opportunities there. So BITO is like $24 and BTC is like $37,000.
I have no interest in US Domiciled crypto ETFs because Canadian exchanges had an explosion of them since early last year, with various differences that suits the average investor better as well. There is one downfall with that though, derivatives traders on crypto ETFs are scattered among all the flavors. This leaves very low volume and very wide spreads from one ETF to another. At least for those still stuck in a pre-metric system world, having just ONE crypto ETFs forces all derivative players to be locked on the same underlay. BITO has vastly more liquidity than the others.
Just short it and you'll do fine. BTC is still heading south. I liquidated at 68k, but planning to buy more once it hits 20k
BTC's 2400 has shown some incredible support at that level, only dipping a bit down to 2200 in the worst during Monday's Panic. I had expected a whole leverage collapse, but since it fell down so much from the top already, I guess there is only so much downward pressure you can apply. In a few months, there is a very strong likelihood many may regret not taking the current discount. We shall see...