BITO: Strategy Shift For The Crypto Winter
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David Zanoni11.79K FollowersFollow5ShareSavePlay(8min)CommentsSummaryI am downgrading ProShares Bitcoin ETF to sell, anticipating underperformance during a projected crypto bear market.The historical cycle analysis and bearish technical signals suggest Bitcoin may decline until September 2026, with a potential 70–80% downside.I shifted my strategy to the YieldMax MSTR Short Option Income Strategy ETF (WNTR), which benefits from Bitcoin declines and offers a trailing 12-month yield of ~60%.WNTR has outperformed Bitcoin, BITO, and IBIT since October 2025, and technicals indicate potential for further upside as the crypto winter persists. Dgwildlife/iStock via Getty Images The crypto winter is already here, in my opinion, based on some key historical trends. Bitcoin's (BTC-USD) monthly chart is already bearish, which always marked the year-long bear market. The daily chart shows a bearThis article was written byDavid Zanoni11.79K FollowersFollowDavid focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.Analyst’s Disclosure:I/we have a beneficial long position in the shares of WNTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The article is for informational purposes only (not a solicitation or recommendation to buy or sell stocks). David is not a registered investment adviser. Investors should do their own research or consult a financial adviser to determine what investments are appropriate for their individual situation. This article expresses my opinions and I cannot guarantee that the information/results will be accurate. Investing in stocks involves risk and could result in losses.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.