ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust Surge Over 6% Pre-Market as Bitcoin Interest Rises

On November 6, 2024, U.S. stock pre-market data indicated significant gains for Bitcoin-related exchange-traded funds (ETFs). The ProShares Bitcoin Strategy ETF (BITO) rose by 6.1%, while the iShares Bitcoin Trust (IBIT) increased by 6.6%. These pre-market movements reflect heightened investor interest in Bitcoin ETFs, likely influenced by recent market dynamics and the U.S. presidential election results. Such trends underscore the growing integration of cryptocurrency assets into traditional financial markets.