BTC is on track for its first consecutive seven-week decline.
The fund is one of the few ways for stock traders in the U.S. to gain exposure to the price movements of bitcoin.
The latest moves in crypto markets in context for May 13, 2022.
Nomura carried out bitcoin futures and options trades with derivatives exchange CME Group and crypto market maker Cumberland DRW.
Crypto market cap rose more than 13% in the past 24 hours even though inflation concerns persist.
Traditional market investors risked off publicly traded companies related to the crypto sector amid a drop in prices this week.
BTC is oversold and could see a short-term relief bounce.
The latest moves in crypto markets in context for May 12, 2022.
LUNA tokens lost 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the UST price.
The past 24 hours were among of the biggest crypto market drops in recent months.