Ark Invest Says U.S. Spot Bitcoin ETF Investors Returned to Profit in September
Investors in U.S. spot Bitcoin exchange-traded funds returned to profit in September on a mark-to-market basis, as Bitcoin climbed about 43% in the third quarter.Cointelegraph, a digital-asset news outlet, reported on October 15 that holders of U.S. spot Bitcoin ETFs moved back into positive territory in September based on unrealized gains and losses.Over the same period, Bitcoin rose about 43% in the third quarter, helping restore profitability for ETF investors.The analysis shows how the rise in Bitcoin's price changed the profitability of spot ETF holders.