BITO Swing Trade & Passive Income Play Shares only: BITO gives you exposure of the movement from Bitcoin without actually owning Bitcoin. Now BITO is volatile so you will get big moves up or down. Now i like BITO for a swing if Bitcoin gets another leg up from the bull flag that its currently trading within. The chart shows a comparison between AMEX:BITO (lower) and Bitcoin (higher)
PLUS i like BITO for the the high dividend its currently paying. Now beware that the dividend yield may change and i personally would NOT treat this as a long term passive income play but during the time being of the swing i like the ability to earn some passive income. I'm taking this with a light position.