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Here how spot Bitcoin ETFs and Bitcoin futures ETFs work and what you need to know.
ProShares Bitcoin ETF was the first U.S.-based crypto ETF tracking the price of bitcoin futures. According to ProShares, the fund has “performed as designed, providing returns closely aligned ...
Even after the agency in 2021 approved a Bitcoin futures ETF, which trades derivatives on Commodity Futures Trading Commission–regulated exchanges, the SEC continued to deny applications for ...
In October 2021, the company launched an exchange-traded fund that invests in Bitcoin futures contracts. [ 1 ] [ 8 ] On October 2, 2023, ProShares launched 3 Ethereum Futures ETFs in the US, becoming one of the first companies to launch an Ethereum ETF in US history.
Another potential obstacle could be the relative youth of the Ether futures ETF—October 2023 vs. April 2021—compared with those for Bitcoin. Ether is also less liquid, Greco adds, and its ...
In 2022, the SEC denied the conversion of Grayscale Bitcoin Trust into an ETF because of alleged lack of surveillance capabilities. Grayscale filed a case against the SEC arguing that the former allowed Bitcoin Futures ETF. Now, both Futures ETF and Spot ETF relied on the same underlying, i.e., Bitcoin.
The bitcoin ETF marketplace is rapidly evolving, with a futures-based ETF most recently receiving SEC approval. When can investors expect a physical ETF?
The first futures-based exchange-traded fund (ETF) for Bitcoin, the ProShares Bitcoin Strategy ETF (NYSE: BITO), has continued to rise in its third day of trading. It's trading volume hit $1.2 ...