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The excitement around the launch of the Bitcoin ETF has faded.

Following the flurry of excitement around the Proshares bitcoin exchange-traded fund (ETF), Valkyrie's bitcoin futures ETF, and Vaneck bitcoin approach ETF, demand in these products appears to have waned somewhat. The Proshares bitcoin ETF BITO has dropped 39% in the previous 64 days after hitting another all high on November 10. Over the previous two months, Valkyrie's bitcoin ETF has likewise lost 37 percentage points.
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