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Morningstar Moments: BITO and Banks Score Big

Dig deep with our behavioral science team to see what it uncovered about Hispanic households and their savings habits.


1) Does BITO Belong in Your Portfolio?

ProShares Bitcoin Strategy ETF (BITO), the first bitcoin-tracking exchange-traded fund, launched on Oct. 19. On its first day, investors poured $550 million into the ETF, nearly breaking trading volume records. Before you open your wallet, read our coverage on BITO’s debut.  

2) Can Investors Bank on the Finance Sector?

Right behind energy stocks, financials were the second-best performer in the U.S. stock market in 2021. This is all thanks to investment banking operations, strong profits, and the reversal of loan-loss reserves. There is a downside: fewer opportunities to find undervalued banks. 

3) Take a Closer Look: Savings Practices in Hispanic Households

Only 31% of Hispanic households with employment income report that they are currently participating in a retirement plan, compared with 51% of similar white households. What factors are contributing to this gap? Aside from income, location and education level play big roles. Read the full study by Samantha Lamas and Michael Thompson.  

Stay in the loop with @MorningstarInc and our analysts: 
Ben Johnson, director of global exchange-traded funds: @MstarETFUS
Tom Lauricella, chief markets editor: @LauricellaTom
Sam Lamas, behavioral researcher: @SamanthaLamas4

Carole Hodorowicz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.