ProShares Bitcoin & Ether Market Cap Weight Strategy ETF

BETH

Market cap $12.9M

ProShares' Simeon Hyman is highlighting a bullish bitcoin trend.

Bitcoin ( CRYPTO: BTC ) and the S&P 500 are the two most common places people put money when they want long-term growth.

After sliding in value for months, Bitcoin has reversed course as a result of geopolitical tensions in the Middle East. Just one year ago, Bitcoin was widely viewed as a potential safe asset.

Question: Does Bitcoin protect investors when markets become unstable?

Bitcoin ETF holders largely weathered bitcoin's first major drawdown of the current cycle, holding their ground as the cryptocurrency fell 23% during the fourth quarter of 2025, according to a recent analysis of Securities and Exchange Commission 13F filings from CoinShares. Global bitcoin ETF flows remained positive at $3.

Investors exposed to cryptocurrencies such as bitcoin and ether have been on a wild ride over the past year.

@CharlesSchwab's Nathan Peterson weighs how geopolitical and crude oil volatility hit Bitcoin and other cryptocurrencies. However, as he explains it, crypto has shown surprising resilience.

On today's episode of CNBC Crypto World, bitcoin tests the $70,000 level as investors receive mixed signals on when the Iran conflict will end. Also, Binance files a lawsuit against the Wall Street Journal over claims of defamation.

Bitcoin's supply is scarce, and most of the coins in circulation aren't moving. Its price is also lower than its production cost, which suggests that it's oversold.

According to prediction market traders, Bitcoin's chances of hitting $150,000 by the end of June are just 4%. Despite these low odds, many investors remain bullish on Bitcoin's upside potential.