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REDDIT

Why has $BITO diverged so much from BTC's price?

J
Aug 20, 2026 · 20:24

# The title says it all, essentially.

I bought some $BITO a while back to get a little exposure to BTC in my brokerage account when I couldn't buy BTC directly. I know $BITO has paid out some decent dividends over the years, but those dividends have recently plummeted to near zero. And beyond the dividends, I have been surprised at how poorly it has tracked relative to BTC itself; I thought it would move (roughly) in tandem. Is there a way anyone can explain the divergence to this layman?
Thanks.