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Bullboard - Stock Discussion Forum ProShares Bitcoin Strategy ETF BITO

ProShares Bitcoin Strategy ETF (the Fund) seeks capital appreciation. Bitcoin is a digital asset, sometimes referred to as a digital currency or cryptocurrency. The ownership and operation of bitcoin is determined by participants in an online, peer-to-peer network sometimes referred to as the Bitcoin Network. The Bitcoin Network connects computers that run publicly accessible, or open source... see more

ARCA:BITO - Post Discussion

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Post by MaterialsMan on Jul 21, 2023 8:19pm

Newbie

Just finding out about this ETF.
It seems to be paying out incredible dividends on a monthly basis.
Is this for real and is it sustainable?
Anybody want to clue me in?
Comment by MaterialsMan on Jul 30, 2023 4:56pm
HELLO Can somebody out there explain in layman's terms how BITO is funding the astronomical dividends it is paying out on a monthly basis. MAXI is in the same game. But, their monthly dividend is a set amount for now at least. Also, not as high a yield, but in the vicinity of 10%. That's certainly better than a CD.
Comment by MaterialsMan on Jul 31, 2023 10:05am
Maybe it's supposed to be a well kept secret.
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