Spot bitcoin ETF unlikely until at least mid-2022: Valkyrie Funds CIO
2021-10-28 13:23:08 An exchange-traded fund backed by physical bitcoin is still far off, says the man behind the second-ever bitcoin futures ETF. The Valkyrie Bitcoin Strategy ETF (BTF), an actively managed product that holds a mix of front-month bitcoin futures contracts, Treasurys, corporate bonds and cash, followed in ProShares’ footsteps last week. Valkyrie’s ETF launch […]
First bitcoin futures ETF rises 3% in trading debut on the NYSE
2021-10-19 06:37:06 Shares of the first U.S. bitcoin-linked exchange-traded fund rose in their trading debut Tuesday. The ProShares Bitcoin Strategy ETF, ticker “BITO,” jumped more than 3% to $41.44. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, rather than the crypto itself. That means investors in the ETF […]