Buying Power of Bitcoin vs. ProShares Trust - Short 20+Year Treasury at New 52-Week Low
By CryptocurrenciesChannel Staff, 9/26/2022
Here at CryptocurrenciesChannel.com
, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 9/26/2022, Bitcoin ($BTC) can buy you the least
amount of ProShares Trust - Short 20+Year Treasury shares, in the past year. For example, if you had 1 Bitcoin coin and wished to buy shares of TBF with the proceeds, you would only be able to buy 875.38 shares of TBF. That's versus a high amount of 4226.86 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of ProShares Trust - Short 20+Year Treasury shares, relative to the performance of Bitcoin; and here's how the two compare over the past year on a total return basis:
Check out our Bitcoin historical price chart
and ProShares Trust - Short 20+Year Treasury vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the TBF returns.
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for more interesting stock market vs. digital asset comparisons!