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15.11 - 03:19
Bitcoin futures ETF may be a costly way to get long-term crypto exposure
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cnbc.comCrypto enthusiasts had reason to cheer last week as digital currencies notched another milestone: the first U.S. bitcoin futures exchange-traded fund.
Investors rushed in. The ProShares Bitcoin Strategy ETF (BITO) had the second-biggest trading debut for any ETF on record when it launched Oct. 19. Its share price jumped 4%. A similar fund, the Valkyrie Bitcoin Strategy ETF (BTF), started Friday.
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However, cost-conscious investors who want exposure to bitcoin and other cryptocurrencies in their portfolios may be better off buying them outright
Read more on cnbc.comAbout this in other media
High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs ambcrypto.com /3 years ago
Bitwise will pursue Bitcoin spot ETF, since investors ‘better served’ by spot exposure ambcrypto.com /3 years ago
Analyzing holding patterns among Ethereum mid-term and long-term holders ambcrypto.com /3 years ago
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