BITO: Bearish Bitcoin Trend Adds To Problems Facing Crypto ETFs

Bitcoin crashed over the past two weeks as the inflation outlook declined.Since last year, U.S. small caps, Bitcoin, and the inflation outlook have traded in lock-step as investors look to avoid exposure to monetary devaluation.Bitcoin is no longer benefiting from the increase in money supply as short-term borrowing rates skyrocket and the Fed begins slowing purchases.Investors would be wise to avoid Bitcoin ETFs like BITO until the "contango" fades from the futures market.