Invesco DB Multi-Sector Commodity Trust - Oil Fund vs. Bitcoin: Price Relationship Crosses Threshold
By CryptocurrenciesChannel Staff, 11/20/2023
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 11/20/2023, Bitcoin ($BTC) can buy you the most
amount of Invesco DB Multi-Sector Commodity Trust - Oil Fund shares, in the past year. For example, if you had 1 Bitcoin coin and wished to buy shares of DBA with the proceeds, you would now be able to buy 1687.52 shares of DBA. That's versus a low amount of 792.56 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 Invesco DB Multi-Sector Commodity Trust - Oil Fund 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 Invesco DB Multi-Sector Commodity Trust - Oil Fund vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the DBA returns.
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